LRES, a national REO and appraisal management company, announced that its DirectConnect integration hub now fully integrates with Mercury Network. Through this partnership, LRES and Mercury Network offer seamless communication of appraisal orders for customers by delivering collateral valuation reports and supporting data in the MISMO industry-standard format.
The integration provides end-to-end automated connectivity while delivering reports and data for auditing and compliance purposes via a single management platform for faster appraisal data exchange.
LRES has the ability to receive appraisal order requests and order modifications from clients directly through the Mercury Network and electronically delivers those orders into its proprietary LRES link order management platform. This will provide faster automated appraisal data exchange for lender customers.
“Our partnership with LRES allows for a faster valuation ordering process for lenders in a single, easily configurable interface,” Mercury Network Integration Specialist Adam Campbell said in the press release.
“LRES’ integration with Mercury Network focuses on appraisal quality management and enhanced operational efficiency throughout the entire valuation lifecycle,” LRES CEO Roger Beane said.