Mercury Network solves the problem of maintaining appraiser independence for lenders

The HVCC (Home Valuation Code of Conduct) mandates that lenders separate anyone on the sales side of the business (loan originators) from appraisers, or that they put in place "prudent safeguards" to ensure that a commissioned employee can't influence an appraiser.

The answer doesn't have to be an AMC
On the surface, an obvious solution might be to employ the services of an appraisal management company (AMC) to act as a firewall between the loan origination staff and the appraiser, but for many lenders that level of separation isn't practical or even desired. Plus, the overhead of the appraisal management company means an appraiser has to be willing to work for less than their normal fee.

Order your appraisals via the Mercury Network

The Mercury Network operates in a "double blind" mode that hides the identity of the appraiser and the lender, making it easy for the two to communicate while still maintaining HVCC compliance. It's a solution that meets your needs as a lender no matter what level of separation you decide is prudent. And with Mercury Network, a lender can use the same appraisers they've known and trusted for years.

Use the Mercury Network to order your appraisals

I am a Mercury Network member so after you complete your Mercury network profile via the above link, you can add me to you appraiser panel. I'm can accept appraisal orders for Orange County, San Bernardino County, Riverside County and Los Angeles County properties. Using the Mercury Network is the fastest, most compliant way to order appraisals from me or any other appraiser without overhauling your entire appraisal ordering process.

To learn more about how Mercury Network uses technology to streamline your workflow and allows you to remain HVCC compliant, visit Mercury Network at www.mercuryvmp.com. Or contact a la mode, creators of the Mercury Network, at 1-800-434-7260.