Veros’ Sapphire Valuation Management Platform Integrates with the Ellie Mae’s Encompass
Feb 16, 2017
Partnership enables lenders to access Veros’ Sapphire Valuation Management Platform through all-in-one mortgage management solution
Santa Ana, California – February 16, 2017 – Veros Real Estate Solutions, a leading provider of automated property valuations, real estate analytics, and collateral risk management systems, announces that its Sapphire valuation management platform is now available through Ellie Mae’s Encompass® all-in-one mortgage management solution. The seamless integration allows lenders to place orders through Encompass to Sapphire, where the clients can manage their own panel of appraisers or AMCs to drive quality and efficiency in the loan origination process.
The secured integration gives clients of Ellie Mae® the option to order appraisals directly through their own panel of appraisers as an alternative to ordering through AMCs. While never losing connectivity with Encompass workflow, lenders now have access to engage their vendors in a more direct approach utilizing routing and review rules specific to their organization.
“More and more lenders are seeking greater direct control of the vendor management and report acceptance components of the appraisal workflow – Veros’ Sapphire integration provides that capability,” said David Rasmussen, Senior Vice President of Operations for Veros.
The integration offers mortgage lenders of all sizes the ability to leverage their own pool of appraisers specific to their organization and rules within Sapphire. Because Sapphire is able to manage orders automatically, incorporating both system- and customer-specific validation rules, users of the Encompass-Sapphire connection will appreciate the direct influence on transparency, fees, timelines and overall quality control.
The recipient of the “Synergy,” “Market Influence” and “Transforming Valuations” awards, Veros has been lauded for the company’s success in building the UCDP and EAD systems and in the development of transformational property valuation products. Today, Veros continues to encourage lenders to innovate, automate and improve the complexities of their value and risk management solutions.
Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.
“Veros is delighted to partner with Ellie Mae to enable lenders to simplify the appraisal ordering process, drive relationship management and quality controls so they can stay focused on growing their business. We look forward to a long, successful relationship with Ellie Mae,” Rasmussen adds.
About Veros Real Estate Solutions
Mortgage technology innovators since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines the power of predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros’ services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. For more information, visit www.veros.com or call (866) 458-3767.
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