a la mode inc. has announced a new strategic integration that allows lenders using mortgage technology provider SharperLending’s Appraisal Firewall platform to place appraisal orders with any appraisal management company (AMC) using a la mode's Mercury Network. The single integration with Mercury Network gives lenders using Appraisal Firewall more control when selecting appraisal providers, and expanded coverage for areas when they need it. It also gives those lenders more options in complying with wholesale and investor requirements. The integration gives Appraisal Firewall clients instant and fully integrated access to a full list of some of the best AMCs in the business.
Mercury Network’s customization options enable workflow to be streamlined on a client by client basis, so lenders can enforce their own business requirements within Appraisal Firewall with every AMC they choose. Payment for the appraisal can also be processed by the AMC, providing the lender a receipt immediately upon payment. In addition, the integration provides live status updates to the lender so they are kept in the loop during the appraisal cycle just like they are when they use their known and trusted Appraisal Firewall appraiser panel.
"The integration with Mercury Network gives Appraisal Firewall lenders instant access to an expanded list of AMCs with which they can work," said Dave Black, president and chief executive officer of SharperLending, the company behind the Appraisal Firewall technology. "We feel that this is an especially effective strategic partnership because both of our companies have demonstrated a commitment to delivering efficiency and compliance technology solutions to lenders to make sure appraisal processes don't get bogged down."
a la mode's Mercury Network offers both interfaceless "black box" MercuryDirect services and APIs, as well as “turn key” MercuryManaged Web front ends for use by loan officers and compliance staff. Mercury has been used in both capacities by a lengthy roster of the nation's largest lenders and AMCs, as well as by numerous community banks, credit unions, wholesale and correspondent lenders, and mortgage brokers, simplifying full compliance with appraisal independence standards and banking security regulations.