A la mode, a Florida-based provider of appraisal software, announced June 23 that Mercury Mobile, a free mobile app enabling appraisers to respond to new Mercury Network orders instantly, is now available for Android as a download using the Google Play store.
Mercury Network powers more than 20,000 appraisal orders a day and is used by more than 600 of the nation’s lenders and AMCs to manage scalable, efficient and compliant valuation processes. The release of the much-anticipated Android version will have a significant and immediate effect on the industry’s efficiency.
Lenders and AMCs placing orders on the Mercury Network can see instantaneous turn time improvements, since vendors can accept, negotiate terms or decline an order while in the field instead of waiting to be back in the office. Appraisers using the app eliminate the risks of losing orders that may be otherwise reassigned while they’re doing field inspections.
Combined with a la mode’s mobile appraisal inspection and sketching product, TOTAL for Mobile, appraisers can handle the entire order-to-inspection cycle onsite on their mobile device, further cutting turn times.
“Mercury Mobile is a critical innovation for the industry because of the immense transaction volume of Mercury Network and our unique distribution network to appraisers,” said Jennifer Miller, president of a la mode’s Mortgage Solutions Division. “Since more appraisers nationwide use our desktop software than all other brands combined, we have the market share to penetrate the appraisal market with sizable installs, so an industry impact is felt immediately.”
A la mode has a long history of mobile innovation, with more than 300,000 downloads of apps for appraisers and real estate agents, which are available in every major mobile marketplace, including the Apple App Store and Google Play.
The iOS version of Mercury Mobile earned the Innovations Award from the Progress in Lending Association. A la mode’s Mercury Network has won the Innovations Award three consecutive years, for three different technology products, and is the only team in the history of Progress in Lending Association to win more than once.