Mercury Network Acquires Appraisal Scope, Inc.
For release on March 27th, 2017
Oklahoma City — Mercury Network, the valuation technology company used by more than 800 lenders and Appraisal Management Companies (AMCs), announced it has acquired Appraisal Scope, Inc., a fast-growing provider of valuation management software headquartered in Baltimore, MD.
The acquisition combines two of the leading software platforms for valuation management for both lenders and AMCs, and is complemented by Mercury’s recent acquisition of Platinum Data Solutions, the leading provider of quality assurance technology.
“The nation’s growing housing economy depends on efficient, accurate valuation operations”, said Will Clemens, CEO of Mercury Network. “The acquisition of Appraisal Scope, and our expanded investments in R&D, will give all those in the mortgage lending industry, regardless of size, easy access to the most innovative collateral valuation tools from a single provider.”
Jennifer Miller, President of Mercury Network, added “Both platforms, Mercury Network and Appraisal Scope, will continue to be offered, and operate independently. We will integrate the infrastructure and support for all products to best serve the combined customer base.”
“We feel great alignment with Mercury’s culture and mission”, said Jordan Rothstein, Founder of Appraisal Scope. “The combination of the two companies will allow Appraisal Scope customers to benefit from Mercury’s greater scale and infrastructure. We will thrive and continue to grow and innovate as part of Mercury.”
About Appraisal Scope, Inc.
Appraisal Scope, Inc. is a leading provider of valuation management software for appraisers, BPO providers, AMCs and mortgage lenders. The company’s technology is integrated with more than 40 industry vendors and offers a single destination for AMCs and lenders, no matter how complex their valuation management needs. Appraisal Scope, Inc. is based in Baltimore, and was founded in 2011. For more information, visit www.AppraisalScope.com or email firstname.lastname@example.org.
About Mercury Network
Mercury Network serves more than 800 lenders and AMCs with six core valuation technology solutions, including the 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.