Broad Street Valuations Inc., a Michigan-based nationwide appraisal management company (AMC), announced the expansion of its integration portfolio, bringing previously disparate functions and analytics together in a common location. Broad Street completed the integration with a la mode’s Mercury Network.
More than 600 of the nation’s lenders and AMCs use Mercury Network to manage appraisal deliveries in compliance with burgeoning regulations and investor requirements.
The new integration is designed to simplify real estate valuation processes and analytics by bringing common features and functions into one location. With the new integration, services including credit card processing, client communication and appraisal status all will be accessible in real time with accompanying turn-time analytics. Beginning immediately, all Broad Street clients have access to the improved system as well as Mercury Network’s AQI and AQM quality assurance automation features.
“At the close of last year, homes sales in the U.S. were up 8 percent, with more than 480,000 homes sold in December,” said Tom Kennedy, executive vice president of Broad Street Valuations. “This growth means that our clients need tools that help them scale. The expansion of our integration portfolio does this by creating efficiencies and providing analytics to support critical business decisions.”