You have vendors that provide services; and relationships that have been established based upon guidelines and expectations you have set. You pay for these services, giving you the control to require they use a particular system or technology. Our service benefits both the lender and their vendors as once the decision is made, we rely on the lender to communicate to their vendors about the implementation of vmcSelect.

Once notified, a setup package and contracts are sent to the vendor for review, and we provide contact information should they have questions or need assistance. A vendor has two setup choices, manual or integrated, both offering identical feature sets. Larger national companies typically opt for the integrated approach, while smaller companies may choose to use the web. If a vendor chooses an integrated approach, a one-time setup fee is charged to the vendor; there is no charge for setup of a manual account.

Our vendor integration provides the same flexibility as that with the lender. Any method can be used for communication and integration, as we have tested most common methods, making this process quick and efficient.

 

If you currently have 10 appraisal companies, 8 title providers, 3 AVM and 4 Flood providers, that’s 25 possibilities for ordering and tracking orders. 27 Web Sites, user names, passwords, fax numbers, etc. Using vmcSelect, you have a single interface for all of your vendors, regardless of their technology or the method they choose to communicate.

We “map” a lender to a vendor, the services they provide and the states they provide the services in. For example, a specific vendor provides appraisal services in all 50 states, but you only want to use them in Maryland, we map you to that vendor just for Maryland and they would only appear as an option if the customer’s property were located in Maryland. The end user cannot make a mistake, which could add days to the real estate transaction process.