Channel, Equi-Trax Complete Communications Link
Channel Inc., a web-based real estate management software platform, and Equi-Trax Asset Solutions LP, a national property valuation firm servicing the U.S. financial services industry, have completed a communications link between the companies that enables clients to automate ordering and receiving property valuations.
“The idea was to enable clients to click once and send an order or multiple orders automatically to the valuation provider that has the highest ranking in the Equi-Trax system,” said Guy Taylor, CEO of Equi-Trax. “Our aim was to ensure the highest quality work and the fastest turnaround time in the industry. The client also benefits from the multi-level Quality Control standards built into our workflow, resulting in the highest quality product delivered back to the client with minimal effort on their part.”
The development of this technology enables servicers, asset managers and other mortgage professionals to select the Equi-Trax product—either an appraisal, a broker price opinion or a hybrid offering—from a list located on Channel’s platform.
“We integrated our systems so we can be more efficient sending orders to Equi-Trax. They can now be processed right away in an automated fashion,” said John Nicholas, CEO at Channel Inc. “To support our loss mitigation platform, we selected Equi-Trax as a strategic valuation provider whose products are listed on our site.”
Once a product is chosen, the order goes to Equi-Trax, which distributes it to an appraiser or a Realtor. From there it goes through quality control, and is transmitted back to Channel’s platform and the client.
“We send orders to Equi-Trax, they process them and return precise valuations to us in a speedy fashion,” said Nicholas.
About Channel
Channel Inc., New port Beach, Calif., provides a web-based real estate management software platform for asset owners, REO management companies, the loan origination divisions of banks and affiliated service providers that want to professionally manage a distressed property through the entire transition life cycle. That includes valuation, eviction, property preservation, marketing, listing, loan origination and Sale/Closing. Channel’s strategy is to combine web services and workflow to create the highest levels of openness, extensibility and flexibility available in information technology. Users collaborate in real time with just a simple log in. For instance, when a task is due, the designated agent logs in, completes his task and signs out. The completed task is visible to the other parties working on the loan file. There is no need to call to check if something was received as files are shared files. Find out more about Channel Inc. at http://www.channelcompanies.com.
About Equi-Trax
Equi-Trax Asset Solutions LP, Santa Barbara, Calif., is a national property valuation firm servicing the U.S. financial services industry. By leveraging AVM technology and the skills of certified appraisers licensed to serve the mortgage industry, Equi-Trax developed a new line of collateral valuation products that combined the best elements of BPOs, AVMs and desktop appraisals. Equi-Trax has earned a leading position in the industry through the use of detailed analytics, quality control, valuation accuracy and service flexibility. The firm’s technology platform uses over 400 data rules and connections to over 17,000 certified, evaluated and performance-rated vendors to give its clients the information they need to manage their risk appropriately at a price they can afford. Find out more about Equi-Trax Asset Solutions at http://www.equi-trax.com.