Global DMS' eTrac Enterprise platform will be integrated with MortgageFlex’s loan origination system (LOS), LoanQuest. The integration is bi-directional and completely streamlines data exchange and facilitates ease of communication between the two platforms. The new integration works by providing lenders with the ability to easily order and manage appraisals, check real-time status, and receive completed appraisal files back into MortgageFlex’s LoanQuest LOS. The file is then automatically submitted to the Uniform Collateral Data Portal (UCDP) in full compliance and without errors or missing information. A detailed report is provided complete with audit tracking functionality giving lenders visibility and control over the entire appraisal process.
Lenders are operating in an increasingly regulatory-intensive business environment and appraisal compliance is a major concern for them. Global DMS’ valuation management solution is proven through-and-through and this integration allows lenders to be confident that they will be in compliance, avoiding steep fines and eliminating the need for manual error corrections. We are selective about the quality of the organizations we partner with and integration with Global DMS makes good business sense for our clients.
Craig Bechtle, Executive Vice President, MortgageFlex