ExactBid / RIMS
Third Party Report Management System

ExactBid

ExactBid delivers web-enabled applications that streamline the procurement of third party services for real estate transactions.

RIMS™ Workflow System for Lenders

RIMS™ is a procurement and process management system designed for users of third-party due diligence services. Using RIMS™, lenders and other consumers of due diligence services are able to order appraisals, environmental reports, inspections and/or other services from the RIMSCentral™ vendor community, contractually engage vendors, track status, and receive vendor reports. For users in a regulatory environment, RIMS™ provides detailed workflow management and audit trails to ensure regulatory compliance.

• Valuation and Due-Diligence Workflow Management
  • RIMS - Real-estate Information Management System lets lenders and management companies order appraisals, environmental services, and property inspections and manage their valuation and due-diligence tasks. Audit trails, management reports and document management are all features of RIMS.
• Regulatory Compliance
  • RIMS complies with regulatory guidelines including separation of the appraisal ordering function from the loan process, HVCC, audit trails, vendor performance tracking, and reporting.
• Aggregated Vendor Database
  • Appraisers, environmental professionals, property inspectors and other due diligence contractors used by all the major lenders are accessible for search by service type, property type and location nationwide.

Visit http://www.exactbid.com/ for more information.