Mercury Network's Vendor Management Platform (VMP) streamlines appraisal ordering and management and is fully compliant with new appraisal regulations, according to the company.
PCLender.com's loan origination system (LOS) will be fully integrated with Mercury Network's back-end engine, eliminating redundant data entry by originators, as well as providing ongoing instant status updates as the appraisal assignment progresses, a la mode says.
PCLender.com will also utilize Mercury Network's custom review rules, which run on the appraiser's desktop prior to final transmission.
‘Integrating with PCLender.com was an easy decision for us,’ says Scott Kinnaird, CEO for a la mode. ‘We serve the same set of community banks and credit unions, and our companies share the same philosophy that it's crucial for both lenders and appraisers to continually increase productivity while achieving the utmost level of compliance.’
SOURCE: a la mode