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CMC Announces Newly Created Strategic Alliance
Press Contact:
Rene Carrick
rene@etecams.com
(877) 447-9399
Chris Romano
cromano@capmkts.org
(904) 543-0052
Capital Markets Cooperative and eTEC Appraisal Management Solutions Creates New Strategic Alliance
Ponte Vedra Beach, FL – January 20, 2010 - Capital Markets Cooperative (CMC), a firm that leverages its cooperative power and secondary marketing expertise to improve execution and member profitability has announced a new strategic alliance with eTEC Appraisal Management Solutions, an Appraisal Management Company with a unique platform not offered within the AMC industry.
CMC Lenders will have access to eTEC’s newest proprietary product ARC Report (Appraisal/Review/Certification) when they submit new appraisal orders. Through the alliance, CMC lenders will enjoy preferred pricing, a 95%+ 1st review appraisal acceptance and conditional pre-underwriting of each appraisal by eTEC’s own licensed On-Site Staff Appraiser and DE Underwriter. Additionally, enhanced pricing and/or hedging efficiencies can be achieved based upon improved appraisal processing and suspense timing of the unique eTEC model.
Tom Millon, President/Founder of CMC stated; “The CMC & eTEC strategic alliance combines our collective strengths in the capital markets and appraisal management with a sharp focus on superior customer service. The eTEC AMC model will enhance our client’s production efficiencies resulting in greater productivity, better quality controls, and higher ROI.
According to Brannon Ogburn President / eTEC Appraisal Management Solutions,
Our proprietary “ARC” process creates a “ONE&DONE” program concept that takes the shortest path between “Appraisal Management” and “Underwriting Analysis”. “ARC” generates a complete appraisal order process and underwriting review assessment of the mortgage collateral asset in one complete process. eTEC’s proprietary “ARC” process will improve both pipeline turn times and increased productivity while reducing operating costs.
About Capital Markets Cooperative
Capital Markets Cooperative (CMC) provides mortgage bankers with the economies of scale and the expertise that reduce risk and maximize profit in the secondary market. Regarded as the premiere secondary marketing specialists in the industry, CMC has worked with financial institutions nationwide to improve secondary market execution and reduce operational expenses resulting in a more profitable mortgage business. To date CMC executives have managed more that $500 billion of mortgage volume. For more information about Capital Markets Cooperative, visit www.capmkts.org or call (904) 543-0052 or email info@capmkts.org.
About eTEC Appraisal Management Solutions
eTEC Appraisal Management Solutions (eTEC) was created by executive level mortgage banking lending professionals who have a clear understanding of today’s mortgage banking client in regards to their origination endeavors, operational needs, risk appraisal review assessment, and hedging needs of mortgage bankers in today’s environment. eTEC Appraisal Management Solutions is a national HVCC complaint provider of comprehensive appraisal management services, first to market automated quality control analytics (ARC) and streamlined appraisal fulfillment and execution services technology platforms. eTEC's strategic mission is to serve mortgage lenders with an expedited loan process for a higher ROI. For more information about eTEC Appraisal Management Solutions, visit www.etecams.com or call 877-447-9399 or email rene@etecams.com.
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