In this update, we completed several of the tools that will enable lenders to automatically pay appraisers via direct deposit. Though these features are still behind the scenes, there are things appraisers and lenders can do today so you’re ready for automated direct deposit (and related workflow-boosting tools) on day one.

Did you know that Mercury Network offers an easy way to automatically collect payment for the appraisal from the borrower? It’s part of Mercury Network’s built-in appraisal-payment process that eliminates manual emails, avoids credit card entry mistakes, and streamlines your appraisal accounting workflow. Here’s how it works:

As part of our ongoing efforts to maintain the highest security for Mercury Network, there are upcoming security enhancements which will affect your VMP XSite clients who place and manage appraisal orders via your client portal or within their loan origination software (LOS).

The final update of 2019 brings several changes you’ve requested, as well as resolutions to issues we identified.

New UCDP rule from Fannie Mae coming in October.