Complex credit processes require the support of external vendors, such as property and equipment appraisers. Obtaining this third party information is often critical in a credit transaction, but requires time and attention—which can detract from an underwriter's true job of analyzing credit.

LoanPath's Procurement Module gives underwriters a central portal where they can order any report necessary from providers:

  • Dun&Bradstreet
  • Experian
  • TransUnion
  • Equifax

The Procurement Module features:

  • Appraiser bid and award functionality on one screen
  • Distributed roles-based entitlements that allow vendors to manage the functionality to which they are entitled
  • Notification of vendor-uploaded reports
  • Automatic measurement of appraisal on-time and price performance

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