ValuAmerica, a national title agency, appraisal management company (AMC) and technology provider, and Mercury Network, a software platform providing service to numerous lenders and AMCs have announced that ValuAmerica is integrating into the Mercury Network vendor management platform.
The integration allows lenders using the Mercury Network vendor management platform to place appraisal orders with ValuAmerica and streamline communications by automatically passing order statuses and documents back and forth, while lenders can do this without modifying their workflow.
Mercury Network will route orders to ValuAmerica based on each lender’s unique assignment and compliance requirements with the system capturing a complete audit trail of the assignment. More than 700 lenders and AMCs use Mercury Network to manage compliant and efficient appraisal operations.
“Our partnership with Mercury Network will help streamline appraisal ordering, management and payment,” ValuAmerica Executive Vice President Shawn Murphy said in a press release. “It eliminates duplicative data entry on multiple systems, which can create errors. Lenders utilizing Mercury Network will see efficiency gains in their appraisal management process.”
Mercury Network President Jennifer Miller also shared her enthusiasm about this partnership.
“Lenders use Mercury Network to place orders with AMC for compliance with banking regulations from CFPB, OCC, FDIC, and they rely on us to develop the technology that connects them to all their preferred AMCs,” Miller said. “We’re proud to welcome ValuAmerica to the roster of AMCs connected to Mercury.”