DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1517420
March 2024 » thefivestar.com 11 March 2024 M T E C H ment to driving innovation and efficien- cy—not only within the loan production process, but throughout the entire mortgage lifecycle." GLOBAL DMS LAUNCHES EVO- BPO FOR SERVICERS AND REO ASSET MANAGERS G lobal DMS, a provider of cloud- based valuation management software, has announced the launch of EVO-BPO. This latest version of its platform designed specifically for servicers, REO assets management companies and AMCs that require an efficient workflow to automate the man- agement and fulfillment of Broker Price Opinions (BPOs), Comparative Market Analyzes (CMAs), inspections and alter- native valuation products. EVO-BPO provides a centralized hub for ordering, assigning, tracking, and reviewing BPOs, CMAs and inspections. The platform automates the entire process to reduce cycle times, increase productiv- ity, enforce compliance and improve data accuracy. EVO-BPO's configurable work- flow and built-in business rules ensure BPOs and CMAs are assigned to properly licensed and certified brokers based on location, property type, and client require- ments. All orders, broker assignments, status updates, and completed reports are tracked through a fully auditable workflow and reporting engine. "Servicers and REO managers re- quire solutions that can handle high vol- ume and automate traditionally manual processes to gain speed and efficiency," said Vladimir Bien-Aime, CEO of Global DMS. "EVO-BPO is designed specifically for these clients providing an end-to-end BPO, CMA and inspection management platform with unparalleled workflow automation and compliance oversight." EVO-BPO provides interactive dashboards with key performance indicators (KPIs), audit trails, and robust reporting for complete transparency into valuation orders, timelines, exceptions, and more. The completely configurable cloud-based solution boasts a plethora of features including programmable assign- ment logic, drag-n-drop photos, digital signatures, and an integrated national MLS with instant comp drop feature. The platform integrates directly with popular servicing systems and can also accept and return data via the EVO Open API. EVO-BPO helps servicers and REO asset managers reduce costs, shorten cycle times, and improve quality control so they can focus on value-added tasks. NATIONAL MI INTEGRATES WITH MORTGAGE CADENCE N ational Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings Inc., has integrated with the Loan Fulfillment Center (LFC) loan origination system (LOS) platform by Mortgage Cadence, a subsidiary of Accenture. The integration enables lender clients of both compa- nies to access price quotes and secure real-time, risk-based mortgage insurance (MI) through National MI's Rate GPS tool without leaving the LFC platform. The integration with LFC, an out-of- the-box, cloud-based digital retail LOS capable of handling mortgage processes from application to closing and delivery, expands National MI's partnership with Mortgage Cadence. In 2022, National MI will be integrated with the Mortgage Cadence Platform, the company's cloud- based digital LOS. Both integrations were made possible by National MI's state-of- the-art API platform. "We are delighted to broaden our relationship with Mortgage Cadence," said Norm Fitzgerald, Chief Sales Officer at National MI. "Our goal is to make it as simple as possible for lenders to order private mortgage insurance and help more borrowers achieve their homeown- ership dreams. This integration provides improved access and ease of use to cus- tomers using LFC, enabling them to view our rates instantly." Jim Rosen, EVP of Services at Mort- gage Cadence, added, "We are excited to announce the successful integration of National MI services with our 23.1 release on the LFC platform. Having National MI as an option for our clients demonstrates our commitment to providing competi- tive mortgage insurance solutions to our customers, and their borrowers." "Servicers and REO managers require solutions that can handle high volume and automate traditionally manual processes to gain speed and efficiency." —Vladimir Bien-Aime, CEO, Global DMS