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""Global DMS"":http://www.globaldms.com/home, a provider of Web-based compliant valuation management software, announced the integration of its valuation management software with ""DataQuick's"":http://dataquick.com/ Collateral Validation solution.
[IMAGE] [COLUMN_BREAK]The integration allows for more accurate valuations by utilizing in-depth area-based metrics, trending and other factors that are not typically taken into account when underwriting loans, according to a company release.
DataQuick's CV solution enhances the accuracy of property valuations by ensuring that specific values fall within acceptable ranges. Data elements used include multiple listing services (MLS), industry-leading automated valuation models (AVMs), neighborhood-level house price indexes (HPIs), inventory and sales trends metrics, foreclosure data, various housing analytics, and other relevant data elements.
""As the uses for property data expand from origination to servicing, lenders and servicers are leveraging a greater number of tools to validate collateral,"" said Vladimir Bien-Aime, president and CEO of Pennsylvania-based Global DMS. ""Incorporating DataQuick's solution into our valuations offering such as automated review products and hybrid valuations that combine manual appraisal know-how and data analytics allows us to provide unique solutions that are immediately available to our growing customer base.""
