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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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