LANSDALE, Pa. and HONOLULU, Hawaii, June 10, 2014 (SEND2PRESS NEWSWIRE) -- Global DMS, a leading provider of Web-based compliant valuation management software, and Collateral Analytics, a leading provider of real estate analytics and valuation products, announced they formed a strategic alliance that integrated various components of their software valuation solutions.
From within Global DMS' single-source eTrac Enterprise platform, which compliantly handles the entire appraisal management process, users can now access Collateral Analytics' products and services that include its automated valuation model (AVM) services, data analytics products and risk management solutions.
"There are many factors that must be taken into account in order to determine accurate property valuations and reporting in today's market," states Vladimir Bien-Aime, president and CEO of Global DMS. "This new partnership extends to our customer base Collateral Analytics' sophisticated data analysis capabilities that produces precise reports on valuations, market analytics and risk scores."
Collateral Analytics' AVM service provides highly accurate property value estimates with supporting data for forecasting and decisioning; its data analytics products also report on historical and current home price trends as well as forecast future trends and market condition. In addition, the company's risk assessment tool, CA Risk Profiler, determines the probability of valuation risk for BPOs and appraisals based on the use of numerous data points.
"Global DMS has done a tremendous job in building a platform to bring automation and compliance to the entire valuation management process for organizations operating in the appraisal business," said Michael Sklarz, president and CEO, Collateral Analytics. "Our solutions complement one another well and make for a robust offering that can be seamlessly accessed by Global DMS customers. We are very pleased to have established such a strong partnership with Global DMS."
Global DMS' eTrac Enterprise platform empowers organizations to order, assign, track, review and deliver completed appraisals in full compliance to the Uniform Collateral Data Portal (UCDP) for sale to investors and GSEs. Both Global DMS and Collateral Analytics' solutions can apply customizable business rules for clients to manage their specific internal processes and procedures.
The combined solutions significantly reduce costs, drive appraisal review efficiency gains, and deliver greater accuracy, reliability and time savings.
About Global DMS:
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading 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-a-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. The company's solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS) and AMCmatch.com. For more information, visit the company's web site at http://www.globaldms.com/ or call (877) 866-2747.
About Collateral Analytics:
Collateral Analytics (CA) develops real estate analytic products and tools to support financial institutions, institutional and retail investors, as well as property capital market activities. As technological innovation fundamentally changes the structure of the real estate industry, CA empowers its partners, investors and clients with greater and faster access to information and the tools they need to make more informed property investment decisions. In addition, CA provides funding and executive management support to incubate and develop early stage property technology applications. The company is primarily focused on building and delivering AVM models, collateral and mortgage risk tools and related products with XML delivery, batch valuation processing and the application of sophisticated analytics to a wide range of real estate related databases. To learn more, visit http://www.collateralanalytics.com/ .
Profundity Communications, Inc.
for Global DMS
Collateral Analytics, LLC
Darlene Swain, Senior Vice President of Collateral Risk
NEWS SOURCE: Global DMS :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®. Original syndication source of this press release: https://www.send2press.com/newswire/Global-DMS-and-Collateral-Analytics-Team-to-Offer-Enhanced-Valuation-Services_2014-06-0610-002.shtml.