News & Press
MORTGAGE SOFTWARE FOR ON-DEMAND LOAN ORIGINATION MANAGEMENT
VUECENTRIC TO PRIVATE LABEL ELECTRONIC APPRAISER'S CASCADING AVM
MortgageDashboard and AVMLink Offer LOS and Cascading AVM Technology For the Masses
BOCA RATON, FL - MAY 03, 2005 - Electronic Appraiser today announced that a private-label version of its cascading automated valuation model (AVM) product, AVMLink, is available through VueCentric's MortgageDashboard. Austin-based VueCentric is changing the way Loan Origination Systems (LOS) are viewed and used - applying innovations like web-based ASP software and making ancillary services available without navigating away from the primary screen. Because ancillary services, such as AVMLink, are fully integrated into MortgageDashboard, users never have to leave the system when needing a home valuation - saving time in every transaction.
Cascading automated valuation models are an innovation for the Mortgage Industry. Offering a viable alternative to full appraisal, drive by inspection, broker price option and desktop review. AVMLink increases levels of accuracy and hit rates (gross, adjusted and usable) for each property searched. Integrating AVMLink into the MortgageDashboard platform, VueCentric is bringing small to mid-size market users access to the same sophisticated, flexible technology that only enterprise-level users could have afforded in the past.
"After looking at the AVM providers on the market, deciding to go with Electronic Appraiser was a simple decision," said Jorge Sauri, president and CEO of VueCentric. "Our users demand the accuracy that AVMLink offers, while an integration with a LOS as forward reaching as MortgageDashboard required a company as technologically savvy as Electronic Appraiser."
"Our partner, VueCentric, is offering small to midsize organizations what they have been denied before," said Gregory Sullivan president and CEO for Electronic Appraiser. "These same smaller organizations can't perform the testing of larger organizations to determine a best fit from the AVM solutions on the market. The partnership is going to open inroads to this market with AVMLink as an important piece of that total solution."
About VueCentric Inc.
VueCentric Inc is a privately held Application Service Provider that offers MortgageDashboard a flexible, easy-to-use, real-time, secure and high-performance web-based solution for the mortgage industry. The platform is based on the Mortgage Industry Standards Maintenance Organization's (MISMO) data standards and e-Mortgage guidelines. A targeted solution for Mortgage companies of all types including, Mortgage Banks, Net Branch Providers and Banks, the platform allows paperless mortgage loan processing in real-time, allowing for greater productivity and cost savings. For further information regarding VueCentric, Inc., call 800-209-8812, or visit http://www.vuecentric.com.
About Electronic Appraiser
Florida-based valuation technology provider Electronic Appraiser, Inc. features PhotoCheck, an electronic property photo combined with an automated valuation model (AVM) in an easy-to-read report, and AVMLink, which provides access to several leading property data repositories through a convenient, single interface. The company offers traditional AVMs and/or PhotoCheck, depending on the lender's appraisal need. For more information, write to Electronic Appraiser, 2200 North Federal Highway, Suite 203, Boca Raton, Florida 33431; call 561-338-1890 or 800-570-3767 or visit us on the web at www.electronicappraiser.com.
“ The future of the LOS is OnDemand software as a service, customizable to the needs of the originator and the investor. MortgageDashboard has been living in this future for a long time. ” Rick Grant,
Rick Grant & Associates