a la mode has announced that its customers will benefit from a new integration between Mercury Network and Byte Software’s popular BytePro loan origination software (LOS). The integration allows users to click a button inside the BytePro system to log into Mercury Network and use the platform to manage their entire appraisal workflow. In addition to the time-saving automation, the interface provides tools that help users comply with all appraisal independence standards and applicable banking regulations.
One of the integration’s features pre-fills the data from the loan file within Byte Software into the appraisal order, eliminating errors and delays that often result from manual data entry. Byte Software users can import appraisal status messages directly into the loan file, and download the completed appraisal, and any supporting documents such as the government-sponsored enterprise (GSE) submission summary reports, into the LOS in both PDF and the newly required MISMO XML formats.
BytePro users can take advantage of Mercury Network’s streamlined compliance and cost-free, direct integration with the GSEs’ Uniform Collateral Data Portal (UCDP). These key differentiators set Mercury Network and BytePro apart from competing solutions that require the use of multiple and costly applications to comply with the new appraisal submission standards. Byte users gain the benefit of Mercury Network’s superior automated and customizable appraisal quality control (QC) measures that include a regimen of more than 1,000 quality rules. The QC rules are run on the appraisal before it’s delivered back to the Byte user, which dramatically speeds the underwriting and manual coordination process.
“We’re pleased to offer the latest in appraisal management automation to our clients,” said Joe Herb, general manager of Byte Software. “Our objective is to provide the most comprehensive LOS. This new integration with Mercury Network gives our clients easy access to a powerful vendor management platform, and a much-needed integration with UCDP. It’s a definite advantage for our clients."
