SLK Global Solutions has introduced a technology-based platform for broker price opinions, the company announced.
SLK said its SmartREval will reduce turnaround times and increase productivity by bringing appraisal management companies (AMCs), default servicers and real estate brokers to one platform.
“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 Vice President, Mortgage Division Melanie Cornelius said in a 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.
SLK Global Solutions President Alok Datta said lenders, servicers and settlement services are embracing new technologies.
“With SmartREval, we are introducing a technology that will empower AMCs and default servicers to lead the change. While many firms struggle to meet buyer expectations, our clients can easily exceed turnaround time expectations and thereby generate more business,” Datta said.