Deep water divers are thrill seekers, most lenders can do without the excitement. You have enough to do trying to stay regulatory compliant without wondering if your loan origination system can keep up.
Last week, we started a conversation about shopping for LOS vendors and how important partnerships are for a successful implementation.
When technology shopping, are you looking for a partner or just a vendor?
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.