TROY, MI--(Marketwired - Oct 9, 2013) - Dart Appraisal (www.DartAppraisal.com) 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, executive vice 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 Encompass360.
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.