In comparison to residential appraisal reports, commercial appraisals are more complex, costly and require additional time to deliver. Commercial valuation reports also require appraisers with a higher level of expertise and errors and emissions insurance. These characteristics make managing the commercial process significantly different from the residential process.

OASIS online commercial bidding module automates traditional time-consuming procurement procedures, streamlines appraiser communications, and eliminates extraneous administrative costs typically associated with contracting commercial appraisers. OASIS provides a web-based suite for electronic request for proposal (RFP), engagement letter generation, and digital appraisal delivery.

Lenders can utilize the application to request fees and turnaround time for commercial projects. The online experience is user-friendly, making it easy to creating a bidding event. Registered appraisers receive e-mail notification of opportunities, and can then login and submit their bid response online. Office personnel can manage bid responses and award the best appraiser via electronic notifications. As an alternative, eTrac can support a fax-based process that is managed electronically with PDF versions of bid documents for the purpose of responding in a traditional format.