Dart Appraisal Introduces Direct Communication Between Lender
and AMC Through Expanded Integration With Ellie Mae's
Troy, MI, October 9, 2013 - Dart Appraisal
announces a major expansion of its integration with Ellie Mae's
Encompass360® mortgage management solution that will
introduce direct user-to-AMC communication and other automated
functions to speed the mortgage loan process. Ellie Mae®
is a leading provider of loan processing software for mortgage
bankers, brokers and other third party originators.
The expanded integration means that lenders using Encompass360
will now have the ability to communicate with Dart Appraisal
directly from Encompass360. All messages between the client and
Dart Appraisal will be time and date stamped for accuracy.
"By eliminating the need to for users to switch between their
LOS and an email server, the integration now offers direct
communication to reduce the time spent on loan processing while
adding a layer of risk mitigation," said Michael Dresden, president
of Dart Appraisal. "Taking into account the multitude of loans
processed by each user, this small time saver can become a big
advantage when compounded daily."
"Through our Encompass360 solution, Ellie Mae has made it
possible for mortgage lenders to efficiently originate and manage
quality and compliant loans," said Richard Roof, senior vice
president of business development at Ellie Mae. "With this expanded
integration with Dart Appraisal, we're pleased to provide our joint
clients with a more efficient and cost-effective way to
electronically order appraisals."
The expanded Encompass360 integration to Dart Appraisal also
offers the option for borrowers to pay for the home appraisal
online through a link to Dart's secure payment center. Once the
lender places an order in Encompass360 and selects the borrower
payment option, the borrower is sent an email with a link to Dart's
secure payment center. That email contains a Dart-issued order
number, allowing the borrower to easily access their loan
information and coordinate payment of the appraisal online.
Additionally, users can take advantage of a new TILA Hold
feature, which addresses the confirmation of disclosure required by
the Truth in Lending Act. The integration's TILA Hold automatically
places credit card orders on hold until it is confirmed that
disclosures have been delivered to the client or that three days
have passed, as required by the Mortgage Disclosure Act. Lenders
can simply click "release TILA hold" in the loan file or on Dart's
website and the order is sent to Dart for processing.
"At Dart Appraisal, we are constantly striving to leverage our
technology to create innovative, custom solutions for the mortgage
loan industry," Dresden added. "Our singular focus remains
streamlining and improving the appraisal process, which this
expansion proves we are doing successfully."
Dart Appraisal will exhibit at Ellie Mae's Encompass Experience
user conference, October 13-16, 2013, at the Wynn Las Vegas. The
conference is for mortgage professionals who use Ellie Mae
technology, such as the mortgage management solution
Dart Appraisal is an independently-owned, nationwide Appraisal
Management Company (AMC) founded in 1993. For two decades, the
company has built a reputation of superior customer service
combined with innovative technology to deliver accurate and timely
residential appraisals. Thousands of orders are tracked in real
time using a proprietary order management platform designed and
maintained by Dart Appraisal. With a singular focus on appraisal
management, Dart Appraisal has developed a direct relationship with
both appraisers and clients. The company manages a nationwide
appraiser panel that requires appraisers to meet stringent quality
standards to ensure local competence and reliable appraisals.
Ellie Mae® and Encompass360® are
registered trademarks or trademarks of Ellie Mae, Inc. or its
subsidiaries. All rights reserved. Other company and product names
may be trademarks of their respective owners. Products, services
and programs are subject to change without notice.