Orange County, Calif.-based LRES, a national provider of property valuations and asset management services for mortgage bankers, lenders, servicers, credit unions and private investors, says that its LRES DirectConnect hub now fully integrates with RealView, Platinum Data Solutions' appraisal quality technology.
This integration will allow the companies to offer more streamlined quality management with automated detection of incorrect or overlooked scope of work and underwriting guidelines throughout the home appraisal process.
LRES DirectConnect offers full valuation lifecycle management to lenders by delivering collateral valuation reports and supporting data in the industry-standard format and in proprietary format on Platinum Data's platform.
As a result, LRES has seen a 15% improvement in turnaround time and a 25% improvement in quality.
‘LRES' integration with Platinum focuses on quality management and provides improved accuracy and enhanced operational efficiency throughout the entire appraisal process,’ says Roger Beane, CEO of LRES.