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need because it is the best interface provider in our industry.” The DMDBridge has been architected to allow for additional third-party systems to seamlessly integrate to DataTrac, and CCMC is already working extensions to various serving systems. “CCMC is proud of its partnership with DMD and has created the DMDBridge interface to serve DataTrac users’ ongoing needs with full support services and software updates,” said CCMC Vice President Dana Giesler. “We are pleased that DMD users are experiencing an immediate return on investment and relief from compliance headaches.” For more information, visit www.dmdinc.com or www.ccmcinc.com.
IVS releases automated inspection form for distressed properties Infinity Valuation Services (IVS), a full-service valuation company for distressed properties, has announced that it now provides a fullyautomated property inspection form to support its services. IVS works with thousands of real estate agents across the country to provide interior and exterior broker price opinions (BPOs), appraisals and
property inspections. As an integrated component of IVS’s BPO system, the new form now enables the company to tailor the inspection report information to better meet the needs of clients. “As an expert in the distressed property industry, we have created an automated form that is designed to address the specific questions and concerns of organizations regarding their distressed assets,” said Chris West, president and chief executive officer of IVS. “The form enables IVS to add components to the inspection to address specific concerns our clients have about their respective portfolios or pool of assets. Once the property has been inspected, agents can easily enter the information and upload the corresponding photos for immediate delivery to our clients.” The automated inspection form provides the answers to a series of questions about the property including: Details about the current condition (interior and/or exterior); the need for repairs or maintenance; the occupancy status; listing detail and nearest comparables; and code violations (potential or confirmed). The form can be used to check on listing agents to ensure they are maintaining properties for maximum buyer attention
at a fraction of the cost of sending staff on inspections. In addition, a bank or financial institution can use the form to check on the quality of the agents used to manage their real estate-owned (REO) properties. A loan servicer can use the form to check on the condition of a property immediately prior to a foreclosure sale or after a natural disaster and traders can use the form to ensure bulk sale properties are in saleable condition right before finalizing a bid. “Our mission is to provide indispensable services that enable our clients to make critical valuation decisions,” said West. “We accomplish this by taking the time to ensure that we understand the goals of our clients and communicate that information to our agents. The introduction of an automated property inspection form is our latest effort to advance that mission.” For more information, visit www.ivsbpo.com.
eTEC to market InHouse Connexions as private label appraisal process management technology InHouse Inc., a provider of appraisal solutions for banks, lenders and other mortgage originators, announces that eTEC, a leading appraisal management company (AMC), has added a private-labeled version of InHouse’s Connexions technology to its product and service offerings. Connexions will be available through
eTEC as “eTEC Powered by Connexions.” It is the first appraisal technology to combine analytics, data mining and workflow on one platform as well as the only appraisal management technology that allows users to manage any combination and number of appraisal vendors—AMCs, appraisal companies and individual appraisers—all from one central platform. Offering eTEC Powered by Connexions not only expands eTEC’s business opportunities as an AMC, but also provides its lender customers with a time-tested tool for managing the entire appraisal workflow in addition to ensuring geographic competence and optimal appraiser selection according to the property. The system gives lenders the freedom to run their appraisal process in the way that works best for them, while staying compliant with the Home Valuation Code of Conduct (HVCC), FHA Appraiser Independence, and other guidelines. Lenders also have the ability to add AMCs and appraisers into the system in seconds, so they never have to be locked into any specific vendor. “We now sell the technology as part of an appraisal package to lenders,” said Susan King, executive vice president and national sales director for eTEC. “We know that a lot of lenders prefer to do business with more than one AMC, and we saw that Connexions accomplished that objective with economic and compliance sense. Users are assured of the highest quality, most
SEPTEMBER 2010
GEORGIA MORTGAGE PROFESSIONAL MAGAZINE
NationalMortgageProfessional.com
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KEY #1
Offer your borrowers full product line, BEAT THE STREET PRICING and dedicated service support • FHA, Conventional, Jumbo, Super Jumbo, • • • • •
USDA, VA and Reverse Mortgage products & more coming! On-line pricing system with lock-in and approval engine Automated pre-approvals Full 24/7 access to processing and underwriting pipeline management 24 to 48 hour turn times on conditions and underwriting Fund loans in two weeks
KEY #2
Have a POWERFUL lender behind you • Full service Direct Lender • Multi-state lending • As a HomePath Lender we can deliver leads directly from FannieMae
• Experienced underwriters and staff to assist with your loans
• Non-Disclosure of YSP on HUD • Appraisals ordered in-house through our appraisal department and using local appraisers • In-house licensing department to handle all State Licensing and Compliance • The security and stability of a big lender with the personal touch of a small lender
KEY #3
Maximize Branch PROFITABILITY and Branch Manager COMPENSATION • Generous commission split • Branch manager’s are able to control their branch’s profits by designing their own revenue model for the four sources of income indigenous to their market • W-2 Employee with group health, dental, vision and disability benefits • Matching 100% dollar for dollar 401K contributions with vesting in 3 years • Support for all accounting, human resources, payroll, licensing and operations
Contact one of our Regional Managers in your area TX, OK, LA: David Walden 1-214-878-6300 • dwalden@iservelending.com Southeast & East Coast: Ken Michael 1-931-222-8023 • kmichael@iservelending.com CA, OR, WA, NV: Allen Friedman 1-415-298-2500 • afriedman@iservelending.com UT, CO, ID, WY, MT: Tony Moore 1-801-824-7243 • tmoore@iservelending.com