Next week, we will be making a change to the Information Rights section of the End User License Agreement (EULA) that will allow us to aggregate appraisal fee information to help you with TRID compliance.
The revised Information Rights section of the EULA is shown in bold below:
5.1 Information Rights. MN may retain and use information collected in User's use of the Mercury Network. MN will use this information to operate the Network and to provide service(s) or carry out transaction(s) you have requested or authorized. MN may aggregate non-personally identifiable data and may use such aggregated data to provide information on appraisal fees. No User will be identified or associated with any such aggregated data. MN will not share personally‑identifiable information with any third parties unless we (i) have Your consent; or (ii) provide such information in certain limited circumstances to third parties to carry out tasks on MN's behalf (e.g., billing or data storage) with strict restrictions that prevent the data from being used or shared except as directed by MN. When this is done, it is subject to agreements that oblige those parties to process such information only on MN's instructions and in compliance with this Agreement and appropriate confidentiality and security measures, and shall be conducted in compliance with applicable state and federal laws, including but not limited to privacy laws.
As always, if you have any questions click Contact Support inside Mercury Network or call your Client Relations team at 1-888-794-0455.