Your business must be compliant at all times with appraisal rules; if they are not, the result can be significant penalties and costly time spent correcting errors.
Global DMS’® EVO-Residential (EVO-Res) provides organizations with an unmatched technology foundation with appraisal management software that paves the way to ensure their unique valuation processes are automated to your needs and in compliance. The platform records all communication so everything is reportable and trackable, and facilitates digital signatures for vendor engagement letters. EVO-Res boasts the most user-friendly navigation possible combined with cutting edge, intuitive design practices.
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Through its automation capabilities, detailed reporting and status notifications that provide you with 100% visibility, and robust and timely appraisal reviews, EVO-Res makes valuation compliance a breeze by shouldering critical responsibilities – giving you peace of mind, while cutting costs.
EVO-Res ensures that you’re always audit-ready, as every action taken within the system (including emails) is tracked, stored, logged, and instantly reportable.
Document delivery to the borrower is easy with EVO-Res. The system provides details on when the borrower accesses, acknowledges, and downloads their appraisal file – a critical component of ECOA.