TheMReport

March, 2013

TheMReport — News and strategies for the evolving mortgage marketplace.

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on the web efficient, cost-effective, and fully compliant process. "Due to numerous new and changing government regulations, appraisal independence has obviously become a major concern for lenders to keep apace and avoid penalties," said Global DMS CEO Vladimir Bien-Aime. "Our solutions are proven to keep lenders in compliance, reduce costs, increase revenue, operate more efficiently, and mitigate risk. Having trusted integration partners like LendingQB only provides more value for our mutual clients." Lending Professionals Gain New Training App BankersLab released a smartphone application that gives mortgage professionals access to training tools while on the go. Pick Your Partner: Tech Leaders Turn to Teamwork S Enhancing operations through integrated collaborations with industry contemporaries, mortgage banking's technology providers are joining forces to tackle compliance and regulatory issues. WEB AT WORK Global DMS Announces Collaboration with LendingQB Teaming up to integrate the company's valuation management software with LendingQB's loan origination system, Global DMS gained a new industry partner. G lobal DMS, Pennsylvaniabased provider of web-based compliant valuation management software, announced it has integrated its 12 | The M Report valuation management software with LendingQB's end-to-end, browser-based loan origination system (LOS). Lenders are now able to access Global DMS' eTrac platform to handle all of their valuation needs without having to leave LendingQB's platform. The new interface also establishes system-tosystem transaction processing that speeds up the ordering and appraisal management process for lenders by eliminating duplicate data entry, providing real-time appraisal process status updates and communication functionality between lenders and their valuation vendors. "Our interface to Global DMS' eTrac system utilizes a three-point integration to allow our clients to easily order and manage appraisals; check real-time order status; and receive completed appraisal files back into the LendingQB LOS E-Docs Platform," said LendingQB President Binh Dang. "Most LOS platforms and valuation software systems don't integrate seamlessly with one another, which makes it difficult for lenders and their appraisal management companies [AMCs] to share crucial data and communicate effectively." According to a release from Global DMS, the integration is part of "a major initiative to advance valuation compliance by tightly integrating the company's eTrac platform with LOS vendors," thus creating a seamless, an Diego-based BankersLab, the first company to deliver gamified training products for the retail banking industry, launched a new Android quiz app designed to reinforce technical scoring concepts and terminology. The Banc-it: Scoring Edition app offers retail lending professionals an opportunity to test their knowledge of credit scoring data, usage, model development, and monitoring. It's designed to support ScoringLab, a simulationbased training product that helps banks improve their use of credit risk scores. "At BankersLab, we believe that for optimum effectiveness, learning shouldn't stop once our training course is complete. Mobile learning provides personalized 'bite-sized' materials that suit modern lifestyles and learning patterns," said BankersLab CEO Michelle Katics. "Busy executives can test their knowledge or prep for our courses, referring back to key content when required. By having the materials at their fingertips, learners can focus on developing critical skills in the classroom—and keep them sharp when back at their desks."

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