Mercury Network and Platinum Data Solutions Announce Integration Agreement
January 14, 2015
Naples, FL and Aliso Viejo, CA —
Mercury Network, the leading appraisal management platform, and Platinum Data Solutions, a provider of collateral valuation and risk assessment technologies, have announced an agreement to integrate Platinum Data’s RealView® appraisal quality tool into Mercury Network’s Appraisal Quality Management (AQM) system.
RealView uses business intelligence to analyze and validate appraisal data in context with neighborhood information gathered from a database created from public and private sources.
More than 600 of the nation’s lenders and appraisal management companies (AMCs) use Mercury Network to manage more than 20,000 appraisal deliveries in compliance with burgeoning regulations and investor requirements. Those customers, as well as the thousands of lenders and AMCs receiving appraisals via Mercury’s DataCourier™ service, will have integrated access to Platinum Data’s RealView from directly within their core appraisal management platform.
“This integration gives Mercury Network’s users more options to keep pace with the new quality control requirements” said Phil Huff, CEO of Platinum Data. “Smart lenders know that if GSEs are using their technology to QC appraisals, they had better follow suit. Mercury Network users will have fast, easy access to a lender-focused version of the type of technology that GSEs have created for their own use.”
“Mercury Network is a central dashboard for efficiently and compliantly managing all aspects of a lender or AMC’s appraisal operations,” noted Jennifer Miller, president of Mercury Network. “Each organization has their own quality assurance benchmarks, and their own workflow and automation needs. We’ll continue to integrate the tools they request, so that Mercury Network is their centralized appraisal management software solution.”