PITTSBURGH and OKLAHOMA CITY, Dec. 8,
2015 /PRNewswire/ -- ValuAmerica, a national title
agency, appraisal management company (AMC) and technology provider,
and Mercury Network today announced that ValuAmerica is integrated
into the Mercury Network vendor management platform.
More than 700 lenders and AMCs use Mercury Network to manage
compliant and efficient appraisal operations. This integration
allows lenders using the Mercury Network vendor management platform
to place appraisal orders with ValuAmerica and streamlines
communications by automatically passing order statuses and
documents back and forth. And lenders can do this without modifying
their workflow. Mercury Network will route orders to ValuAmerica
based on each lender's unique assignment and compliance
requirements. The system captures a complete audit trail of the
assignment.
"Our partnership with Mercury Network will help streamline
appraisal ordering, management and payment. And it eliminates
duplicative data entry on multiple systems, which can create
errors," said Shawn Murphy,
executive vice president of ValuAmerica. "Lenders utilizing Mercury
Network will see efficiency gains in their appraisal management
process."
"Lenders use Mercury Network to place orders with their AMCs for
compliance with banking regulations from CFPB, OCC, FDIC, and they
rely on us to develop the technology that connects them to all
their preferred AMCs," stated Jennifer
Miller, president of Mercury Network. "We're proud to
welcome ValuAmerica to the roster of AMCs connected to
Mercury."
About ValuAmerica
ValuAmerica, Inc. is wholly owned
by Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE:
RDN), and is a provider of real estate information and technology
services to the mortgage and real estate industries. Through its
two main operating divisions—Intelligent Property Solutions and
Innovative Technology Services—the company provides a comprehensive
suite of appraisal, title, closing, and settlement services and
develops technology to help automate workflow and compliance
processes. For more information about ValuAmerica, please visit
www.valuamerica.com.
About Mercury Network
Mercury Network is the software platform used by more than 700
lenders and AMCs to manage their collateral valuation workflow.
The company's solutions include Mercury Network for appraisal
vendor management, Enterprise Vendor Framework (EVF) for lender
management of multiple AMCs, AQM for quality assurance and quality
control compliance, and SureReceipts for compliant eDisclosures to
the borrower. For more information about the company,
visit www.MercuryVMP.com.
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SOURCE ValuAmerica, Inc.