Lending, Debt, & Equity
RIMS is a procurement and workflow management system that connects lenders with their preferred vendors and information providers in a secure, compliant environment. With a network of 62,000 bank users and 30,000 vendors on its platform, it is the technology platform supporting real estate lending due diligence workflows for appraisal, valuation, environmental, construction, and flood services.
RIMS is easily configurable to meet most lending workflow processes and has role-based permissions allowing employees to view and edit what they are allowed. Lenders using RIMS report efficiency improvements that lead to increased loan volume capacity without taxing existing staff.
Vendors use RIMSCentral, an online portal where vendors can securely acknowledge the assignment or submit a bid. The secure document collaboration allows lender personnel to upload assignment details for the vendors to view and download, and vendors are then able to safely upload their reports and invoices to the lender.
RIMS offers a wide range of built-in data and services from third-party sources including AVMs, evaluations, flood certifications, and custom market information reports from some of the most respected names in the industry.
When it comes to residential workflows, RIMS offers customized auto-award capabilities, ranging from simple round-robin assignment to weighted assignment based on variables such as geographic proximity, experience, rating, and price. Lenders can opt-in for automated appraisal report rules checking, including UAD compliance and Fair Lending checking.
Why Our Lenders Love It: