MReport April 2017

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 42 of 67

TH E M R EP O RT | 41 SPECIAL ADVERTISING SECTION // TECHNOLOGY COMPANY GUIDE CORPORATE PROFILE Mercury Network is used by more than 800 of the nation's leading lenders and appraisal management companies to manage real estate valuation operations and mitigate collateral risk. COMPANY HISTORY Mercury Network was founded in 2009 as a product of another technology company, and was designed to provide the mandated firewall between appraisers and production staff. Mercury grew quickly and was acquired by Serent Capital, a capital investment company headquartered in San Francisco. In 2016, Mercury Network acquired Platinum Data Solutions, a leading collateral valuation company. REGULATORY COMPLIANCE Mercury empowers mortgage lenders, appraisal management companies, and appraisers to comply with federal and state regulations regarding appraiser independence, third-party oversight, and consumer privacy laws. BUSINESS LINES, SERVICES, AND PRODUCTS Mercury Network offers appraisal and collateral valuation management software for residential and commercial appraisals, as well as the most innovative suite of collateral valuation products, alternative valuation products and valuation data, and analytics subscriptions. Mercury Network also provides more than 300 active integrations with third-party technology providers, including all major loan origination software platforms and appraisal management companies. GEOGRAPHICAL SCOPE AND COVERAGE AREA Mercury Network is available nationwide as a SaaS platform. KEY FEATURES/BENEFITS • Faster turn times • Manage appraisers or AMCs • Residential or commercial appraisals • Higher quality valuations • More efficient operations with lower cost • Better borrower experience • Enhanced compliance • Integrated with all major LOS providers COMPETITIVE ADVANTAGE Experience: More than 800 lenders and AMCs use Mercury Network, which gives the company more experience across various types of entities than any other provider. Service: Dedicated implementation specialists, integration teams, and client relations professionals give Mercury's customers fast solutions. Innovation: Mercury averages a major release every two weeks. In 2016, 118 new features were released in 18 major software updates and 48 new integrations were added with third-party technology providers. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES • Named a finalist for the 2017 Lender's Choice Award in Ellie Mae's Hall of Fame. • Named one of the most innovative technology companies in housing by a leading publication in 2017. • Reached almost 10,000 mobile application downloads on iOS and Android in 2017. • Named in the 2017 America's Top Mortgage Employers listing. • Earned a 99 percent customer service satisfaction rate in 2016. • Four-time winner at a leading association's awards ceremony. "Since implementing Mercury, we've doubled our capacity with the same level of staff. The system is inherently user friendly... It automates the majority of follow up tasks and communication with both our appraisers and internal staff previously handled manually. In my humble opinion, Mercury sets the bar so high that it's virtually impossible for competitors to measure up. We are raving fans of the product, the team and the company overall." —Susan Howard, VP Risk Management, South Pacific Financial KEY PERSONNEL Will Clemens CEO Jennifer Miller President Mike Brown SVP, Sales Craig Zielazny VP, Data and Analytics Arturo Garcia SVP, Account Management STAFFING 100+ employees, 45+ dedicated to product development and IT CONTACT INFORMATION Phone: 1.800.434.7260 Email: Web: Mercury Network

Articles in this issue

Archives of this issue

view archives of TheMReport - MReport April 2017