SLK Global Solutions, a provider of comprehensive products and solutions for the mortgage, title and banking industries, introduced SmartREval, a technology-based platform for broker price opinions (BPOs), the company announced in a release.
With this product, SLK has succeeded in bringing AMCs, default servicers and real estate brokers on one platform, thus reducing the turnaround time and increasing productivity significantly, the company announced in a release. AMCs and Default servicers can now boost their productivity by 20 percent on every BPO report.
“The one word that has taken the complete mortgage industry by storm is technology. Millennial needs and the ease of accessing anything and everything in a click has given this industry an opportunity to look beyond the historical ways of doing business and improve the speed of all services,” SLK Global Solutions Mortgage Division Vice President Melanie Cornelius said in the release. “Of course, this directly affects title insurance agents, residential mortgage loan servicers and AMCs.
“While SLK has already introduced innovation into the title insurance and mortgage servicing industries, we wanted to conceptualize a solution that could bring together a default servicer and an AMC closer to a real estate broker; a single platform that allows our clients to readily access a nationwide network of 18,000 brokers. And that’s what SmartREval is able to do,” Cornelius added.
Cornelius emphasized the prime focus for AMCs and default servicers is to meet their lender commitments, ensure quality and offer optimum customer satisfaction.
In addition to SmartREval, SLK Global Solutions also provides mobile-based loan origination, automated loan level audits, real estate tax servicing platform, property lien and ownership search reports, municipal lien search and property tax reports.
“These players are driven to automate as many processes as they can in order to deliver significant value,” Cornelius said. “Some of the features our portal offers includes auto broadcast of orders to brokers and duplicate and multi-level quality checks.”