We are excited to announce that the AppraisalWorks appraisal management platform is now available through the ICE Mortgage Technology™ Platform — empowering lenders to drive greater quality and efficiency in the loan origination process, standardize vendor interactions, and enhance the borrower experience.
The seamless integration between AppraisalWorks and the ICE Mortgage Technology Platform allows lenders to fully leverage the platform and order appraisals through both Encompass® and Encompass LO Connect™. AppraisalWorks delivers a streamlined workflow and a single interface for ordering, assigning, monitoring, and reviewing real estate valuations from a vetted marketplace of AMCs and appraisers.
What does this mean for you? Lenders looking to drive innovation and eliminate inefficiencies in their organizations can now fully leverage the key features and ordering configurations through both Encompass and Encompass LO Connect.
The Top 3 Benefits of the AppraisalWorks and Encompass Integration include the ability to:
- Streamline appraisal ordering and management. Imagine not being bogged down by multiple systems and processes to complete an order. Now you can take control over the entire real estate valuation process in one, central location. Through AppraisalWorks, you can set up approved vendor panels, customize workflows by lending channel, and configure automated assignment logic that routes orders based on your requirements. Once an order is complete, appraisal and valuation documents are automatically delivered straight to the eFolder. From there, key data elements are populated in the Encompass system, where lenders can easily review the reports.
- Eliminate administrative overhead related to property appraisals. Cumbersome, administrative functions and human error inherent to manual processes take time and resources away from your team and increase risk. Now, you can be confident knowing the right rules and processes are in place throughout the loan origination process. This not only frees up your time to focus on more strategic projects, but it helps you deliver the best borrower experience possible.
- Establish real-time collaboration and messaging with key stakeholders. When relying on multiple communication channels (e.g. email and messaging systems) to process appraisal and valuation orders, you run the risk of missing critical information, essential deadlines, and duplicating efforts across teams. With the AppraisalWorks appraisal management technology platform, you gain permission-based, centralized access to messages, status updates, payment processing, and automated alerts. This empowers team members and other stakeholders with real-time updates from a single appraisal management dashboard.
With the AppraisalWorks integration to Encompass, you can achieve better quality, efficiency, and standardization across the entire appraisal process. Most importantly, you can lead the industry in delivering the best borrower experience throughout the loan process.
AppraisalWorks experts are here to help you get started today… so let’s talk!
To find out more about our new ICE Mortgage Technology integration and the AppraisalWorks platform, reach out to .