Oklahoma City, OK — a la mode announced today that AXIS Appraisal Management Solutions has now fully integrated their appraisal management operations with a la mode’s Mercury Network Vendor Management Platform (VMP).
The integration results in several benefits for AXIS’ lender clients, including highly tailored service for each client’s preferences. “Many lenders have internal processes and requirements that make outsourcing their appraisal operations a frustrating proposition when appraisal management companies aren’t able to serve the lenders’ individual needs”, said Kim Perotti, Director of Operations for AXIS. This integration with Mercury Network empowers AXIS to automatically set workflow and communication preferences for each lender client so their appraisal management works exactly as they need it to, without the compliance risks and expense inherent in keeping your appraisal desk in house.
“It’s a giant step forward for appraisal management”, continued Perotti. “The lack of proactive communication and the failure of AMCs to respond to a particular lender’s needs are the top complaints we hear from lenders in regards to appraisal management. With this Mercury Network integration, AXIS is now able to solve both of those issues for lenders nationwide.”
The integration also gives AXIS Appraisal Management 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 destined for failure, AXIS’ clients will submit appraisal reports to the GSEs without fear of rejection or file correction fees.
AXIS’ appraisers, known for being the most experienced in the business, are also benefitting from the integration. “Since AXIS pays our appraisers above the customary and reasonable standard, we already attract the highest quality appraisers”, stated Michael Simmons, Director of Business Development at AXIS. “But the added efficiencies from the Mercury Network integration will help these elite appraisers reduce the time they have been spending on mundane status update tasks, freeing them to complete more appraisals. The feedback we’ve already received has been overwhelmingly positive.”
Jennifer Miller, EVP of Products for a la mode’s Mortgage Solutions Division stated, “We’re proud to have AXIS Appraisal Management on board with Mercury Network. Both of our companies share an unwavering commitment to appraiser independence, and we both realize how Mercury Network’s technology can achieve the best of both worlds in terms of appraisal quality, lender service, and compliance safeguards.”
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 Axis Appraisal Management Solutions, visit www.AXIS-AMC.com.
About AXIS Appraisal Solutions
Incorporated February 2009, AXIS Appraisal Management Solutions, Inc. was founded as a true solution for lenders, brokers, borrowers and appraisers who believe that customer service, transparency, accuracy and fair fee splits should be integral to the appraisal and lending process. AXIS services a wide array of clients: from both wholesale and retail channels for banks and mortgage bankers, to credit unions, correspondent lenders, attorneys, accountants – and high level retrospective field reviews for lenders and the mortgage insurance realm. AXIS is head quartered in San Rafael, California and provides nationwide appraisal management solutions through a highly talented staff of account executives working with panels of experienced, certified local appraisers and supported by a staff of AXIS appraisers who quality control each report prior to client submission. For more information, visit www.AXIS-AMC.com.
About a la mode
Celebrating 25 years as a dominant leader in the real estate and mortgage industries, a la mode develops mission-critical desktop, mobile, and Web tools used by hundreds of thousands of appraisers, agents, inspectors, and lending professionals to power tens of millions of transactions each year. 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.
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Press inquiries, contact:
Mortgage Solutions Division, a la mode, inc.
(405) 359-6587 x 339
Sales inquiries, contact:
Mortgage Solutions Division, a la mode, inc.
(405) 359-6587 x 708