American Financial Network, Inc. Deploys Mercury Network For Efficient Appraisal Operations
June 27, 2017
Oklahoma City, OK, Brea, CA -- American Financial Network, Inc. (AFN), one of the country's fastest growing mortgage companies with more than 30 appraisal management company vendors, announced it has deployed Mercury Network to manage efficient, compliant appraisal operations. Mercury Network’s technology is used by more than 800 of the nation’s lenders and appraisal management companies (AMCs) to manage real estate valuation operations and collateral risk.
AFN’s collateral valuation operations will be managed using Mercury Network’s web-based platform to place and track appraisal orders with their AMC partners. The implementation allows AFN to order and see status on valuations from within their loan origination system, significantly reducing delays and human errors, while effectively routing orders to AFN’s chosen appraisal management companies.
“The appraisal process is critical for our loan officers and clients, and we weighed several possible solutions. Mercury Network gives us consolidated control across all our AMC partners and efficiency gains that have already made a great impact for our customers and staff”, said Jonathan Gwin, Esq, COO and General Counsel at AFN. “Now, staff can order and manage all appraisals from a single secure dashboard, rather than navigating to each vendor’s website.”
“We’re excited to welcome American Financial Network”, said Jennifer Miller, President of Mercury Network. “Their commitment to innovation and client service is well known in the industry, and we look forward to helping AFN continue to scale operations at their rapid pace.”
About American Financial Network, Inc.
Established in 2001, American Financial Network, Inc. is a licensed mortgage lender (NMLS #237341) based in Brea, CA. AFN is a FNMA, Freddie Mac, GNMA approved direct lender with over 100 branches in numerous states. For more information on the company, visit www.afncorp.com.
About Mercury Network
Mercury Network serves more than 800 lenders and AMCs with six core valuation technology solutions, including two leading appraisal management platforms, as well as add-on modules for commercial appraisal, appraisal quality control, alternative valuations, and additional closing services such as flood certificates and income verification. For more information about the company, visit www.mercuryvmp.com.