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Lending / The Ticker

Global DMS integrates with Encompass360 to create updated appraisal solution

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Global DMS, a provider of web-based valuation software, is integrating its eTrac Enterprise platform with Ellie Mae’s loan origination system, Encompass360.

The integration allows the entire appraisal process to be completed directly from within Encompass360. The firms explained the integration in a press release issued Tuesday:

As the mortgage industry continues to face ongoing changes to valuation rules as well as the introduction of new rules, it’s imperative that lenders stay apace of regulatory changes to avoid running the risk of making errors or being out of compliance,” said Vladimir Bien-Aime, president and CEO of Global DMS.  “Our new integration with Encompass360 prevents users from having to leave the LOS, which enables the seamless exchange of sensitive valuation data, speeds up the appraisal process, facilitates better communication and establishes much needed transparency.”

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