Naples, FL — Appraisal technology pioneer a la mode, inc. was presented with Mortgage Technology Magazine's coveted "Transforming Valuations" award on October 21st, the opening day of the 99th Annual Mortgage Bankers Association (MBA) Convention & Expo in Chicago. The Transforming Valuations Award recognizes technology advancements in the appraisal, broker price opinion or automated valuation sectors. Runners-up were CoreLogic and Platinum Data.
The magazine cited numerous contributions to the valuation industry spanning a la mode’s 27-year history, including ground-breaking innovations in desktop, mobile, and cloud-based appraisal technologies, but put particular emphasis on a la mode’s role in managing the industry impact of the GSEs’ recent Uniform Mortgage Data Program (UMDP).
The company’s UAD Reader was cited for providing lenders and appraisers with a standardized, free tool to view and manage appraisals created by any software vendor using the GSEs’ Uniform Appraisal Dataset (UAD). The award also referenced the company’s Mercury Network DataCourier system, which provides a secure platform for appraisers to verify and deliver UAD-compliant appraisals, and for the recipient clients to then seamlessly review and submit those appraisals to the GSEs’ Uniform Collateral Data Portal (UCDP). Processing in excess of 200,000 deliveries per month, DataCourier contributes significantly to Mercury Network’s status as the leading vendor management platform.
"We're extremely honored to win this prestigious award", said Jennifer Miller, president of a la mode's Mortgage Solutions Division. "For 27 years, a la mode has worked very hard to develop best-in-class technology that improves appraisal quality, streamlines the collateral valuation process, and safeguards compliance with banking regulations. We’re very grateful for the recognition and will continue to innovate for the industry."
About a la mode
Celebrating 27 years as a mission-critical workflow technology leader in the real estate and mortgage industries, a la mode’s products are used by hundreds of thousands of appraisers, salespeople, inspectors, and lending professionals to power more than 50% of all residential real estate transactions in the US each year. a la mode's flagship product for the lending industry is its Mercury Network, the nation's premiere valuation Vendor Management Platform with over 20,000 transactions a day. In the appraisal sector, its TOTAL desktop software line is dominant, used by more appraisers than all other brands combined. And in the agent market, a la mode’s Broker Reciprocity and Analytics products enjoy top-tier direct access to MLS listings and sales data via integration contracts with local boards serving more than 500,000 licensed salespeople nationwide.
a la mode is headquartered in Naples, FL, with additional offices and approximately 200 employees located in Oklahoma City, Salt Lake City, and Washington, DC. For more information about the company, visit www.alamode.com.
All product and company names herein may be trademarks of their registered owners.
Press inquiries, contact:
Molly Dowdy, EVP, Marketing
Mortgage Solutions Division
a la mode, inc.
(405) 359-6587 x 339