New TRID tools for VMP customers

We've just added several highly-requested features for our VMP customers, including even more control over your appraisal fees to help you with TRID compliance.  Click here for the release notes, and here are the highlights:

Set global appraisal fees:  These fees become the default fee anytime the product is ordered, which eliminates the need to manage fees per-appraiser.  Click here for instructions.

Calculate default fee to appraisers:  You can now calculate the default fee to your appraisers as a percentage of the VMP XSite fee.

Automatically transfer your fee: Instead of using the appraiser’s published fee, set up your account so the VMP XSite fee automatically transfers to the appraiser’s order and is what the appraiser sees when accepting the assignment.

Down to the Client Group level:  All of these fee options are now available for automatic or manual order assignment, both on a global or client group basis. 

More order assignment control
Set unattended order assignment by product, not just globally.  This allows you to auto-assign the bulk of your orders while giving you the option to manually assign specific products such as 1004Ds or Appraisal Reviews.

More details on auto-assignment issues:  You can now see notes in the order history, as well as receive an email notification, when an order did not assign during automatic assignment due to appraisal fee issues.

New products added:  These products are already available to order via Mercury Network:  

  • Single Family FHA Investment w/Operating Income Statement (1004 and 216)
  • Valuation Risk Analysis (VRA)  (For more info, click here.)
  • Co-op Investment (2090, 1007, and 216)
  • Co-op Investment w/Comparable Rent Schedule (2090 and 1007)
  • Co-op Investment w/Operating Income Statement (2090 and 216)

As always, these new features are a direct result of feedback from customers like you.  We appreciate your business, and please keep your feedback coming to