CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that Mercury Network has expanded the launch a new inspection-scheduling service called Xcelerator—an advanced solution that streamlines the scheduling process for appraisals by seamlessly connecting lenders, borrowers, appraisers and real estate agents. Currently, most appraisal appointments are scheduled by appraisers via phone calls or emails. This inefficient process often entails repeated attempts, missed calls and back- and-forth voice messages that can add days to the appointment process.
“We know that lenders and AMCs increasingly look to technology to stop delays in closings and improve the borrower’s experience.” said Jennifer Miller, president of CoreLogic│Mercury Network. “Inspection delays are a major hassle for lenders and AMCs, and, as with many components of the mortgage process, it’s a problem we have the technology to solve.”
Using the Xcelerator application tool, the borrowers or property contact (e.g., real estate agent) can see available appointment dates and times on their Apple and Android devices and computers, and can select their preferences for the appointments. Similarly, the specified appraiser can accept or modify appointments and communicate directly with the borrower or contact, via text, voice or email. Once the appointment has been set up, the property contact receives a confirmation of the appointment, complete with information on the appraiser who will be doing the inspection. Lenders have complete transparency into the appraisal cycle through a live tracking website.
CoreLogic Valuation Solutions announced the introduction of Xcelerator to FNC network clients using its enterprise solution CMS late last year. For lenders and appraisal providers who are currently part of the CoreLogic AppraisalPort®, Appraisal Xcelerator is integrated into their collateral management system’s tool kit.
“The launch of Appraisal Xcelerator to our Mercury Network customers introduces the efficiencies of digital and mobile technology into appraisal scheduling: taking time and hassle out of the process,” said Devi Mateti, executive, CoreLogic Valuation Technologies. “This is yet another step in our product innovation that we are taking to market designed to significantly impact and benefit our customers and the way the work.”
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
About CoreLogic│Mercury Network
CoreLogic│Mercury Network, serves nearly 1,000 lenders and AMCs with six core valuation technology solutions, including two leading appraisal management platforms, as well as add-on modules for commercial appraisal, appraisal quality control, alternative valuations, and additional closing services such as flood certificates and income verification. For more information about the company, visit www.mercuryvmp.com.
CORELOGIC, the CoreLogic logo, CoreLogic AppraisalPort®, Appraisal Xcelerator and Mercury Network are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.
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