CHICAGO, Ill. /eNewsChannels/ — Global DMS, the leading provider of Web-based compliant valuation management software, announced at the 99th MBA Annual Convention and Exposition the official introduction of Global Unity, which seamlessly integrates its solution with leading loan origination systems (LOS). Global Unity provides lenders, banks and credit unions with 100 percent control over their entire collateral valuation process-with zero risk.
Global Unity is an industry-wide technology undertaking that will transform the way appraisals are currently ordered, tracked, audited and returned back to a lender’s LOS. With the click of a button using Global DMS’ eTrac platform, lenders are provided with ease of access to all of their valuation needs-without ever leaving the application they are accustomed to working in-their LOS. The project has already resulted in partnerships with LOS vendor titans that are committed to simplifying the appraisal process.
“We have been intensely focused on the Global Unity project for quite some time in an effort to enable LOS vendors to gain access to our new middleware hub using Web services that we developed,” says Matt McHale, chief revenue officer at Global DMS. “This project is a huge benefit to our LOS partners, which can now offer their clients the ability to compliantly and cost effectively order appraisals from within their system. We have significant interest from LOS vendors and several are already in the midst of completing integrations. Global Unity is destined to change the fashion in which appraisals are ordered, and we have plans to partner with the majority of the leading LOSs in 2013.”
Global Unity also utilizes the company’s MISMO Appraisal Review System (MARS), which provides lenders, investors, mortgage insurance companies and appraisers with a turnkey solution by which to automatically extrapolate and analyze data from a PDF’d appraisal report, mitigating risk and ensuring compliance. The extracted data from the report is then compliantly delivered to either the GSEs’ mandated Uniform Collateral Data Portal (UCDP) or to institutional investors using per their specific guidelines.
Global Unity’s automated system-to-system transaction processing platform dramatically speeds up the ordering process for lenders by eliminating redundant data entry, thus eliminating errors, saving time and reducing costs. In addition to the platform being open to LOS providers, it will also be utilized by additional technology companies that have a need to integrate and access Global DMS’ appraisal management solutions. Those integrations will be announced as new partners join the Global Unity network.
Interested parties can learn more at www.theglobalunityproject.com, visiting the company at booth 519 at the MBA’s Annual Convention and Exposition, or by arranging a discussion time to meet in its suite at the Hyatt Regency. Global DMS and its new LOS partners will also be hosting an event at the show to introduce the Global Unity project to convention attendees on Monday October 22nd at The Paris Club located at 59 West Hubbard street beginning at 9 p.m.
About Global DMS
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is the mortgage industry’s preeminent provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company’s solution set is cost effectively delivered on a software-as-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. Notable is that Global DMS has retained 100% of its lender clients since its inception. The company’s solutions include its eTrac management platform, eTrac enterprise platform, WebForms, Global Kinex, AVMs and the MISMO Appraisal Review System (MARS). For more information, visit the company’s web site at www.globaldms.com or call (877) 866-2747.
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