LocalChoice AMC adopts Mercury Network to deliver cutting edge appraisal management
Written by a la mode on March 31, 2011
Oklahoma City, OK – a la mode announced today that LocalChoice AMC has now standardized their appraisal management operations with a la mode's Mercury Network Vendor Management Platform (VMP).
Mercury Network brings several benefits to LocalChoice clients including full access to Mercury's unparalleled depth of real estate appraisers with 100% nationwide coverage. "Mercury Network is an easy-to-use, reliable and comprehensive solution to managing appraisal orders," said Tom Choquette, President of LocalChoice. "Our current and future clients will benefit greatly from the easy access to top appraisers, even in ‘outside the norm' coverage areas."
LocalChoice clients will see additional benefits including superior quality control of the final appraisal reports delivered. Since Mercury connects LocalChoice to the desktops of over half the nation's appraisers, quality control rules are automatically checked on the appraiser's desktop before the report is sent to LocalChoice. The rules are set by LocalChoice to suit each of their individual clients' needs.
"Another huge benefit for our clients is the ability to customize the automated email updates that are sent to the parties to the appraisal transaction. We're able to strike a balance so everyone is kept in the loop without getting deluged with unnecessary updates," said Choquette. The client-specific workflow rules will also save LocalChoice significant overhead by reducing the manual labor previously involved in quality control and communications management for different clients.
The integration also gives LocalChoice and their clients Native XML for compliance with the GSE's coming MISMO XML 2.6 mandate. Instead of the error-prone PDF extraction or OCR techniques some will attempt, Market Appraisals clients will submit appraisal reports to the UMDP's "front end" without fear of rejection or file correction fees.
"One of the trademarks of LocalChoice is the top notch local service we deliver to our clients. Our new relationship with Mercury Network will free up more time so we can respond even faster to the needs of our lenders", added Choquette. "And when we have questions for them, the team at Mercury is right there with fast answers."
Jennifer Miller, Executive Vice President of Product for a la mode's Mortgage Solutions Division stated, "We're proud to have been selected by LocalChoice. Compliance with all the new regulations, as well as the highest quality in the finished appraisal report are our shared priorities."
Mercury Network is the premiere online appraisal Vendor Management Platform, or VMP, allowing lenders and AMCs to manage their appraisal workflow. It is used by a lengthy roster of the nation's largest lenders and appraisal management companies, and more than 10,000 appraisal transactions per day flow through its servers.
For more information on Mercury Network appraisal vendor management platform, visit www.MercuryVMP.com.
For more information on LocalChoice, visit www.LocalChoiceAMC.com.
###
About LocalChoice AMC
LocalChoice AMC is a forward thinking appraisal management company with a cutting edge business model that ensures truly local service for their select lender clients — no matter where they are. By opening offices and hiring local talent wherever its clients are headquartered, LocalChoice AMC is always right next door with local knowledge and service. LocalChoice focuses on using the highest quality local appraisers, the latest appraisal management technology, and a common sense approach to business to serve their client base of local and regional mortgage lenders. More information on LocalChoice AMC can be found at www.LocalChoiceAMC.com, or call (503) 708-6789.
About a la mode
Founded in 1985, 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 or call 1-800-ALAMODE.
All product and company names herein may be trademarks of their registered owners.
Contact:
EVP, Marketing
Mortgage Solutions Division
a la mode, inc.
(405) 359-6587 x 339