OASISONE PLATFORM GUARANTEES LENDERS A PROVEN SOLUTION FOR THE HOME VALUE CODE OF CONDUCT (HVCC)

Many lenders who sell to the GSEs are hesitant to outsource their appraisal process to Appraisal Management Companies (AMCs). However, they are searching for viable HVCC compliance alternatives which still allow them to maintain successful vendor relationships. Global DMS, a Lansdale, PA based corporation, is already ahead of the curve with OASISOne. Since 1999, they have been delivering tools for in-house appraisal management. OASISOne, a web-based centralized real estate valuation management platform, was designed to include all the requirements recently mandated by Fannie Mae and Freddie Mac.

While HVCC is driving lenders to search for efficient and affordable solutions, many software providers have scrambled to launch something before the May 1 window closes. As a result, many of these programs have difficult end-user learning curves, long implementation timeframes, a lack of centralized control, and poor customer support.

Some vendor products only offer partial solutions which leave lenders having to combine purchases of different products and deal with the problems of making them work together. OASISOne is fully centralized and provides all the features a lender needs to comply with HVCC regulations, reduce turnaround time and increase the capacity their teams can handle.

“May 1 is rapidly approaching but our platform stands ready for immediate implementation,” said Matt McHale, Vice President of Global DMS. “OASIS has been integrated into banking systems for the past 10 years and is a truly comprehensive solution that enables lenders to guarantee compliance with current and future regulation.”

Driven by customer requirements, the platform includes: online appraisal requests, impartial appraiser selection, vendor management, integrated web-based valuation forms, real-time automated status updates and reports, advanced search capabilities, integrated messaging and file history, electronic report delivery, an appraiser scoring and review module, an incorporated accounts receivable and accounts payable component, perpetual upgrades, phone, fax, and e-mail support, and a live help desk.

From start to finish, OASIS delivers on all concerns voiced by lenders with a hosted appraisal management platform. It increases processing capacity while providing “performance without payroll”. “Our clients especially appreciate that OASIS does not require a large capital investment to implement the platform.” said McHale. “This makes OASIS easily affordable for lenders of all sizes. Its centralized database provides a plug and play interface, freeing end-users and IT resources of traditional administrative demands of new software implementations. The OASIS system also provides flexible payment options that can actually create revenue streams from the collateral risk function that is typically a loss leader.”

Lenders interested in taking a proactive approach toward HVCC compliance that does not require outsourcing key business processes, or severing long-time vendor relationships in this difficult market can contact the Global DMS Sales Team at 877-866-2747 or visit the OASIS website at www.oasissolutionsllc.com.

Global DMS, LLC is a corporation headquartered in Lansdale, PA that provides innovative commercial and residential real estate valuation software solutions that meet the needs of the mortgage community. Founded in 1999 to deliver technology for managing the appraisal process that promote compliance, reduce cost and expedite the real estate appraisal process. Global DMS solutions include the OASIS Management Platform, eTrac WebForms and the MISMO Accessible Receive Station (MARS). Visit OASIS online at www.oasissolutionsllc.com.