has announced its completion of a fully automated integration with Mercury Network, part of CoreLogic. The integration makes appraisal ordering and management more efficient and compliant for Cloudvirga’s lender customers, thereby reducing overall loan production costs. Cloudvirga’s intelligent appraisal engine ensures efficiency and compliance throughout the appraisal lifecycle by accurately determining which appraisal forms are required for a given property location, loan amount, loan type and loan program. The seamless integration allows Cloudvirga customers to place appraisal orders directly to Mercury Network, without the lender or customer having to rekey information or leave Cloudvirga’s POS platform.
“Cloudvirga’s integration with Mercury Network streamlines not just appraisal ordering, but the entire appraisal process for noticeable gains in origination efficiency,” said Cloudvirga Product Manager Matt Howard. “Lenders can feel more confident than ever in the compliance of their collateral valuation thanks to Cloudvirga’s careful analysis of myriad data points, including loan program details, to ensure the right appraisal forms are ordered the first time, every time.”
Jennifer Miller, President of Mercury Network, CoreLogic, said, “Mercury Network’s product suite is used by almost 1,000 lenders and appraisal management companies nationwide. We’re proud to integrate with Cloudvirga to give our mutual customers a truly seamless integration that makes appraisal ordering and delivery faster with greater accuracy and enhanced overall lending efficiency.”