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."
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.
SOURCE ValuAmerica, Inc.