Dart Appraisal, an independently owned nationwide appraisal management company (AMC), announced an integration with Mercury Network’s Enterprise Vendor Framework (EVF) on May 27. EVF is an advanced integration framework designed for lenders who currently use multiple AMCs.
Dart Appraisal instantly can be added to the lender’s slate of redundant vendors via a single connection between the lender and EVF.
The integration provides streamlined communications with lenders, because EVF automatically passes status updates and documents from the lender or AMC’s platform to Mercury Network without modifying their workflow.
“By eliminating the need for users to switch between their LOS and an email server, the integration now offers direct communication to reduce the time spent on loan processing while adding a layer of risk mitigation,” Dart Appraisal Executive Vice President Michael Dresden said. “Taking into account the multitude of loans processed by each user, this small timesaver can become a big advantage when compounded daily.”
“Lenders have new regulatory burdens to oversee their valuation service providers,” Mercury Network President Jennifer Miller said. “With EVF, lenders have a single technology interface to connect to every provider for a far easier path to compliance with CFPB, OCC, FDIC and investor mandates. We're honored to welcome Dart Appraisal to the roster of AMCs able to receive appraisal orders via our Enterprise Vendor Framework.”
Lenders using Mercury Network’s EVF can log in via a secure Web portal or integrate to their existing systems through Mercury Network’s open API for a single platform to manage all collateral valuations, with the centralized control and flexibility mandated by the third-party oversight requirements.
“At Dart Appraisal, we are constantly striving to leverage our technology to create innovative, custom solutions for the mortgage loan industry,” Dresden said. “Our singular focus remains streamlining and improving the appraisal process, which this expansion helps to accomplish.”