Commercial appraisal bidding and transaction fees
Great news! Commercial appraisal bidding is coming to Mercury in March of 2016.
Orders for commercial appraisal products will have a transaction fee of 3% of the appraiser's fee. Lenders can choose to pass the transaction fee to the commercial appraiser or absorb it.
Commercial appraisers can easily add the transaction fee to their bids if they wish. When submitting their bid for any assignment, they can check a box to add the transaction fee to the bid as shown below.
If you have any questions about transaction fees and commercial bidding orders, click "Contact Support" or "Get Help" when you're logged in to Mercury Network. You can also call your client relations team at 1-888-794-0455.