CTX Mortgage chooses the Global DMS platform to streamline its appraisal valuation process.
Springfield, PA – CTX Mortgage Company has now fully rolled out the Global DMS platform to streamline its appraisal valuation process. CTX is the first lender to utilize the platform for managing loan officers, request for appraisal, assignment, distribution, and delivery.
The Global DMS platform provides secure Internet access for personnel and contracted vendors such as appraisers involved in the loan approval process.
Using Global DMS, CTX’s internal personnel publish bid requests, review the vendor bids, and engage the vendor, while tracking every step of the engagement and review process via their Web browsers. Consequently, Global DMS reduces the number of interruptions caused by status questions. Extensive faxing and "phone tag" are virtually eliminated by the system. The platform also acts as a repository for appraisals, environmental reports and other documents created or reviewed in the process.
“Having CTX Mortgage as the first lender to join the Global DMS family is a real credit to what we have accomplished with our product line. We look forward to a very long and prosperous relationship in serving all of CTX Mortgage’s appraisal management needs,” said Vladimir Bien-Aime, President, Global DMS.
With Global DMS, all information is tracked in a centralized database which provides specialized information to each type of user. Outside vendors are able to view their own bid requests and awards, but all private information is secured. Standard web browsers can be used for all access including interactive reporting.
"Being one of the largest retail mortgage lenders in the nation, we realized a need to employ an appraisal tracking system to enable our branches to not only order appraisals but to track the appraisal though the entire process,” said William Otterbine, Appraisal Manager CTX Mortgage Company. “I would highly recommend Global DMS to anyone looking to make the appraisal and accounting needs of their office less stressful and more organized."
About Global DMS
Global DMS, established in 1999, is the number one provider of web-based appraisal software solutions on the market for both lenders and appraisers. For more information about Global DMS solutions, visit www.globaldms.com .
About CTX Mortgage Company
Founded in 1973, CTX Mortgage Company is headquartered in Arlington, TX. CTX provides mortgage financing for homebuyers and is one of the nation’s largest non-bank retail mortgage originators. For more information on CTX Mortgage Company, visit http://www.ctxmortgage.com.
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