The new seamless, bi-directional interface eliminates manual touch points, reduces costs and ensures appraisal compliance, the firms say in a release.
“Directly from within OpenClose’s LenderAssist LOS, this integration allows users to tap key functionality in our eTrac Enterprise platform,” explains Vladimir Bien-Aime, president and CEO of Global DMS. “Unlike appraisal ordering systems that just place orders, Global DMS has a completely workflow-driven, robust valuation management platform that automates all of the intricacies involved in the appraisal process from start to finish, which OpenClose customers can now leverage in a seamless fashion.”
This means lenders using OpenClose’s LOS will be able to quickly and easily order appraisals, check real-time status, and receive appraisal files back into and compliantly submit them to the Uniform Collateral Data Portal or Electronic Appraisal Delivery portal.
The integration streamlines data exchange and communication between the two platforms and speeds up the entire process, the companies say.