Industry Leading Fourth Win: Mercury Network Honored With Progress in Lending’s “Top Innovation” Award
April 25, 2017
Oklahoma City — Mercury Network announced today that Fee Analytics, a subscription service for appraisal fee analytics nationwide, was named a Top Innovation by PROGRESS in Lending Association at the annual program. This is an industry leading fourth Innovations win for Mercury Network in the last five years.
Mercury Network launched Fee Analytics, a rich set of current data and analytics for actual appraisal fees in every county in the United States, delivered monthly. Lenders subscribe to Fee Analytics to know the most current appraisal fees paid for collateral valuations, along with details on the transactions.
This honor is the Good Housekeeping Seal of Approval, the Gold Seal when it comes to recognizing true industry innovation. Progress In Lending looked for the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enables industry participants to achieve.
“We’re grateful for the honor from PROGRESS in Lending,” said Craig Zielazny, VP Data and Analytics at Mercury Network. “Innovation and subject matter expertise is a core value at Mercury, and it’s powered by a close relationship with our clients and our relentless pursuit of solutions to key industry challenges. Fee Analytics give the mortgage industry the information they need for clear appraisal fee guidance for compliance with Dodd-Frank and state regulations, plus it gives them real-time data to proactively leverage market shifts.”
The Fee Analytics subscription data includes the most recent month’s appraisal fees paid and transaction details, along with a rolling twelve month summary of data for the state, county and CBSA. Since more than 800 lenders and appraisal management companies rely on Mercury Network for collateral valuation management, more than 10,000 transactions a day are passing through the system, providing rich trended data with many benefits for the industry.
Craig Zielazny now heads Mercury Network’s new Data and Analytics group, and will continue to expand Mercury’s services to solve the most common challenges the industry faces around appraisals and collateral risk.
To download a free sample of the appraisal fee data recognized by PROGRESS in Lending, click here. For a deeper look at the trends and insights for appraisal fees and turn times in 2016, download the free report Valuation Analytics: Appraisal Fees and Turn Times.
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 MercuryVMP.com.