CoreLogic Chooses Mercury Network For Appraisal Management With Native XML Data
Written by Marketing on June 16, 2011
Oklahoma City, OK – a la mode announced today that CoreLogic (NYSE: CLGX) has chosen to connect their ValuEdge™ platform with Mercury Network for receipt of the Native XML appraisal data needed for streamlined UMDP compliance.
The integration will be developed through a custom plugin that connects CoreLogic with the largest network of real estate appraisers with 100% nationwide coverage. The plugin will run an extensive set of quality control rules against the report prior to delivery and will bundle the completed report in both PDF and Native MISMO 2.6 XML formats. The completed appraisal will be delivered from the appraiser’s desktop directly to the ValuEdge platform and helps position CoreLogic to comply with the GSEs’ mandated UMDP program. This partnership also enables CoreLogic to connect to any appraiser regardless of the software the appraiser chooses.
Jennifer Miller, EVP of Products for a la mode’s Mortgage Solutions Division said, “We’re thrilled to welcome CoreLogic to Mercury Network. The new integration gives CoreLogic the Native XML they’ll need for compliance, plus direct access to the most qualified pool of appraisers in the country. CoreLogic has a progressive approach to quality assurance and data compliance that serves their clients very well.”
“We’re pleased to be working with Mercury Network,” said Wes McDaniel, chief appraiser for CoreLogic Valuation Services. “This relationship gives our clients a huge advantage with accurate, expert collateral valuations that are in compliance with the evolving regulations and GSE requirements.”
Mercury Network is the premiere online Vendor Management Platform, or VMP, allowing lenders and AMCs to manage their entire appraisal workflow. It’s been used by more than 200,000 mortgage professionals since 2002 to completely automate the full “round trip” of tens of millions of appraisals. a la mode and Mercury Network are in a unique position to offer the pre-delivery, customizable quality assurance checks and statusing because a la mode’s WinTOTAL is the leading appraisal desktop form-filling software — used by over half of the nation’s appraisers. For more information, visit www.MercuryVMP.com.
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About a la mode
Celebrating 25 years as a technology leader, a la mode develops desktop, mobile, and Web tools for the real estate and mortgage industries. a la mode’s mission-critical products are used by hundreds of thousands of appraisers, agents, inspectors, and lending professionals to complete the nation’s real estate transactions. a la mode’s state-of-the-art offices are located in Salt Lake City, Oklahoma City, and Washington, DC. For more information, visit www.alamode.com.
About CoreLogic
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. Formerly the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
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Press inquiries, contact:
Molly Dowdy
EVP, Marketing
Mortgage Solutions Division
a la mode, inc.
(405) 359-6587 x 339