Rockville, MD (PRWEB) October 27, 2015
CoesterVMS, a national appraisal management company, has integrated it’s TRID disclosure calculator on Ellie Mae’s Encompass® platform. Users will be able to request quotes, manage and place order directly through the loan origination system, which streamlines the disclosure process.
“This integration allows users to gather loan information and order an appraisal while complying with the new TRID rules all from one system instantly,” said Brian Coester, CEO of CoesterVMS. “Because of Ellie Mae’s large market share, this integration will improve the efficiency of thousands of originators across the country and undoubtedly simplify the process of placing valuation orders in a quick, compliant manner.”
Encompass users will have the ability to use CoesterVMS’s proprietary TRID appraisal calculator, which uses a national database of property and appraisal information, to instantly determine an accurate appraisal fee. The property information and appraisal fee are directly populated from the loan file. Users will have the option to place an order or save the quote for later. The user only needs to select a specific valuation product. This will save time while ensuring compliance.
“Compliance with TRID has every lender checking and rechecking their processes which costs them productivity,” said Rob Chasteen – Scheer, SVP of CoeserVMS. “We want to provide our lender clients with the peace of mind of knowing they are compliant along with the flexibility to place their orders when they are ready.”
The integrated calculator uses multiple factors to provide a quote estimate, including the customary and reasonable appraiser fee for a selected valuation product in a property market, finished square footage, lot size and complexity of the file.
CoesterVMS is a nationwide appraisal management company that specializes in providing comprehensive management of appraisal operations for mortgage lenders. CoesterVMS’ in-house appraisal management solution combines the best service with the most advanced technology on the market. CoesterVMS guarantees all appraisal reports to fully comply with all regulations and guidelines. The company's Cloud Control appraisal management technology is the only software of its kind to be built on the award-winning Salesforce.com platform, and its “Coester-Mer” service is earning the company a reputation for the best customer service in the industry. Headquartered in Rockville, Maryland, CoesterVMS was founded as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information please visit CoesterVMS online at http://www.CoesterVMS.com