Streetlinks Chooses MercuryDirect for UMDP Compliance

a la mode inc. has announced that Streetlinks Lender Solutions has chosen to launch a MercuryDirect plug-in to receive the Native XML appraisal data needed for streamlined compliance with the new mandatory Uniform Mortgage Data Program (UMDP) initiative set forth by the government-sponsored enterprises (GSEs). Streetlinks’ MercuryDirect plug-in is a custom application that provides direct access to the largest nationwide network of real estate appraisers. Using the MercuryDirect plug-in’s ability to integrate custom rule sets directly into report delivery, Streetlinks’ extensive quality control (QC) rules run against every appraisal report prior to delivery. After passing the QC checks, the plug-in bundles both PDF and Native MISMO 2.6 XML formats into the transmitted file, and then delivers it to the Streetlinks platform. “A large percentage of our appraiser partners utilize a la mode’s industry leading desktop appraisal applications and tools," said StreetLinks COO Tony Ebeyer. "Our MercuryDirect plug-in will eliminate delays and errors that are inherent in the PDF to XML conversion process. UAD-compliant XML data will flow seamlessly from the appraiser’s report creation software to the GSEs. The result is a huge increase in efficiency and 100 percent data accuracy, which is a win for everyone involved, including the appraiser, the lender, and the GSEs.”