The fact that this system merges seamlessly with all major appraisal software has been a huge benefit, we haven't had to make any customizations whatsoever. Our staff credits its friendly user interface for quick implementation time and ease of selecting and tracking FHA appraisers and their turn times.
Lansdale, PA (PRWEB) June 15, 2009
Southern Trust Mortgage, LLC has implemented the Global DMS OASISOne platform, a web-based commercial and residential real estate valuation suite trusted by leaders in the financial industry. Global DMS has been providing this platform since 1999 allowing continuous development and implementation of the most efficient practices throughout the appraisal process.
Since the downturn of the economy, strict compliance standards including; Fannie Mae and Freddie Mac's HVCC guidelines, the American Institute of Certified Public Accountants' (AICPA) SAS 70, and many others audited by the government have been put in place to closely monitor the financial industry.
The appraisal software world has yet to discover the importance of offering comprehensive compliance support instead of focusing solely on HVCC. Organizations that have employed appraisal software without such functions will have to develop and implement manual reporting during an audit. The OASISOne platform offers a centralized automation of these standards including SAS 70 reporting and the option to create government auditor logins.
"We like the idea that we can create a login for government auditors so they are able to see all of the communications on an appraisal without having to go dig up files from storage or spend time searching an image system," said George Rousseau. "The fact that this system merges seamlessly with all major appraisal software has been a huge benefit, we haven't had to make any customizations whatsoever. Our staff credits its friendly user interface for quick implementation time and ease of selecting and tracking FHA appraisers and their turn times."
"Implementing SAS 70 standards represents that a service organization has been through an in-depth audit of their control objectives and activities. OASISOne supports this by allowing the disclosure of these activities and processes in a uniform reporting format. Our clients appreciate that we upgrade our systems weekly in order to accommodate to the latest industry standards," said Matt McHale, Vice President of Global DMS.
Lenders committed to HVCC compliance, SAS 70 regulation, and maintaining industry standards can contact the Global DMS Sales Team at 877-866-2747 or visit their website at http://www.oasissolutionsllc.com. Global DMS, LLC is a corporation headquartered in Lansdale, PA, providing innovative valuation software solutions that meet the needs of the mortgage community. Global DMS solutions include the OASISOne Management Platform, eTrac WebForms and the MISMO Accessible Receive Station (MARS).