SOURCE: Dart Appraisal

Dart Appraisal

May 27, 2015 07:11 ET

Dart Appraisal Announces Integration With Mercury Network's Enterprise Vendor Framework

TROY, MI--(Marketwired - May 27, 2015) - Dart Appraisal (www.DartAppraisal.com), an independently-owned, nationwide appraisal management company (AMC), today announced an integration with Mercury Network's Enterprise Vendor Framework (EVF). EVF is an advanced integration framework designed for lenders who currently use multiple appraisal management companies. Dart Appraisal can instantly be added to the lender's slate of redundant vendors via a single connection between the lender and EVF.

The integration provides streamlined communications with lenders, since EVF automatically passes status and documents from the lender or AMCs platforms to Mercury Network without modifying their workflow. 

"By eliminating the need for users to switch between their LOS and an email server, the integration now offers direct communication to reduce the time spent on loan processing while adding a layer of risk mitigation," said Michael Dresden, executive vice president of Dart Appraisal. "Taking into account the multitude of loans processed by each user, this small time saver can become a big advantage when compounded daily."

"Lenders have new regulatory burdens to oversee their valuation service providers," stated Jennifer Miller, president of Mercury Network. "With EVF, lenders have a single technology interface to connect to every provider for a far easier path to compliance with CFPB, OCC, FDIC, and investor mandates. We're honored to welcome Dart Appraisal to the roster of AMCs able to receive appraisal orders via our Enterprise Vendor Framework."

Lenders using Mercury Network's Enterprise Vendor Framework can log in via a secure web portal or integrate to their existing systems via Mercury Network's open API for a single platform to manage all collateral valuations, with the centralized control and flexibility mandated by the third-party oversight requirements.

"At Dart Appraisal, we are constantly striving to leverage our technology to create innovative, custom solutions for the mortgage loan industry," Dresden added. "Our singular focus remains streamlining and improving the appraisal process, which this expansion helps to accomplish."

Named one of the 50 Best Mortgage Service Providers in America by Mortgage Executive Magazine in 2014 and 2015, Dart Appraisal is an independently-owned, nationwide Appraisal Management Company (AMC) founded in 1993. For two decades, the company has built a reputation of superior customer service combined with innovative technology to deliver accurate and timely residential appraisals. Thousands of orders are tracked in real time using a proprietary order management platform designed and maintained by Dart Appraisal. With a singular focus on appraisal management, Dart Appraisal has developed a direct relationship with both appraisers and clients. The company manages a nationwide appraiser panel that requires appraisers to meet stringent quality standards to ensure local competence and reliable appraisals.

Mercury Network (www.MercuryVMP.com), a subsidiary of a la mode, inc. (www.alamode.com), is the nation's premier vendor management platform serving the mortgage industry. Mercury Network's SaaS platform is used by tens of thousands of lenders, appraisal management companies, credit unions, servicing professionals, appraisers, real estate agents, and other entities to manage compliance and workflow for more than 20,000 transactions a day. 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.

Contact Information

  • CONTACT:
    Michelle Gimbutis
    Marketing Manager
    Ph: 248.244.1013
    Fax: 800.308.6727