Oklahoma City, OK — a la mode announced today that StreetLinks Lender Solutions has chosen to launch a MercuryDirect plugin to receive the Native XML appraisal data needed for streamlined compliance with the GSEs’ new mandatory UMDP initiative.
StreetLinks’ MercuryDirect plugin is a custom application that provides direct access to the largest nationwide network of real estate appraisers. Using the MercuryDirect plugin’s ability to integrate custom rule sets directly into report delivery, StreetLinks’ extensive quality control rules run against every appraisal report prior to delivery. After passing the QC checks, the plugin bundles both PDF and Native MISMO 2.6 XML formats into the transmitted file, and then delivers it to the StreetLinks platform.
Jennifer Miller, EVP of Products for a la mode’s Mortgage Solutions Division, welcomed StreetLinks to the Mercury Network platform. “We’re pleased that an industry leader such as StreetLinks recognizes the immediate benefits to their clients of receiving Native XML from the most qualified appraisers in the nation. Beyond just GSE compliance, Streetlinks’ focus on appraisal quality and streamlined workflow serves their clients very well.”
StreetLinks COO, Tony Ebeyer noted, “A large percentage of our appraiser partners utilize a la mode’s industry leading desktop appraisal applications and tools. Our MercuryDirect plugin will eliminate delays and errors that are inherent in the PDF to XML conversion process. UAD-compliant XML data will flow seamlessly from the appraiser’s report creation software to the GSEs. The result is a huge increase in efficiency and 100% data accuracy, which is a win for everyone involved, including the appraiser, the lender, and the GSEs.”
StreetLinks’ MercuryDirect plugin will be live and ready to receive appraisals in October. For more information on MercuryDirect or receiving XML directly from appraisers, visit www.MercuryVMP.com/MercuryDirect.
About a la mode
Celebrating 26 years as a technology leader, a la mode develops desktop, mobile, and Web tools for the real estate and mortgage industries. a la mode’s mission-critical products are used by hundreds of thousands of appraisers, agents, inspectors, and lending professionals to complete the nation’s real estate transactions. 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.
About Mercury Network
a la mode's Mercury Network is the nation's premiere Vendor Management Platform in the appraisal and BPO industries, offering both interfaceless "black box" MercuryDirect services and APIs, as well as “turn key” MercuryManaged web front ends for use by loan officers and compliance staff. It’s used in both capacities by a lengthy roster of the nation's largest lenders and AMCs, as well as by numerous community banks, credit unions, wholesale and correspondent lenders, and mortgage brokers, simplifying full compliance with appraisal independence standards and banking security regulations. It’s been used by more than 200,000 mortgage professionals since 2002 to automate the full “round trip” of tens of millions of appraisals. For more information, visit www.mercuryvmp.com.
StreetLinks Lender Solutions provides an innovative and comprehensive suite of valuation services and lending technology solutions to banks, lenders and other mortgage industry firms. StreetLinks' commitment to quality and service, embodied by their partnership approach to clients and appraisers, continues to set them apart as the nation's premier lending solutions partner. Their products and services are used by thousands of mortgage bankers and appraisers nationwide to simplify and improve everyday business operations. For more information, visit www.Streetlinks.com.
All product and company names herein may be trademarks of their registered owners.
Press inquiries, contact:
Mortgage Solutions Division
a la mode, inc.
(405) 359-6587 x 339