Corelogic Just Acquired Alamode

[Michigan CG]

Maybe before you attack me, as much as I personally despise homework assignments, go back and check out Tim's posts.

He points out idiotic statements like ACI is owned by Corelogic. Some people can't handle being corrected.

Maybe if you came with a regular sized "who", I would enlighten you.

I don't need enlightening, you can't tell me of a better source of massive data than appraisals. Thanks for playing along.

 

[timd354]

Right...we all believe that. You were just "bored" with running a "successful" business and decided to do something more exciting like going to work for a secondary market participant.

What about that law degree? Were you bored with that too?

lefty, you can stew in your bitterness and think whatever you want to think about me. It really does not affect me either way so I am done with your silliness.

 

[Ms. Janet]

The Mercury Network provides thousands of lenders the ability to not use an AMC. Mercury is not in the appraisal management realm or business, they are an ALTERNATIVE to it. Mercury Network clients are my best clients. Up until March 31st I completed two AMC assignments for 2018 while I completed many Mercury Network assignments. The fees are much higher with Mercury Network and there is no dealing with idiots on the other end of the phone. There is no constant updating required and no waiting 60 days for payment.

Mercury will continue to grow as more lenders get tired of the AMCs and some of the idiots they use for appraisals. This is a good thing for appraisers, not a bad thing.

I never thought I would ever read on this forum a person who thinks that the Mercury Network is a bad thing for the residential appraiser.

First of all, I owned a small appraisal business for 7 or 8 years before I went into the secondary market, so I know all about the challenges of running such a business. Secondly, you seem to have a misunderstanding of what the Mercury Network did and does. It does not operate in the appraisal management space and it is not an AMC...it is simply a platform that allows lenders who do not use AMC's to find, solicit and engage independent appraisers. If you had not been too busy foaming at the mouth and berating some poor phone jockey at ala mode, maybe you would have been able to figure that out.

Mercury is absolutely NOT simply a platform for lenders who do not use AMCs. There are quite a few large AMCs who use Mercury to deliver their reports to their Lender Clients. You may not use an AMC when you utilize the Mercury platform but a lot of AMCs use it to deliver your reports back and forth.

 

[Evincere]

Mercury is absolutely NOT simply a platform for lenders who do not use AMCs. There are quite a few large AMCs who use Mercury to deliver their reports to their Lender Clients. You may not use an AMC when you utilize the Mercury platform but a lot of AMCs use it to deliver your reports back and forth.

True. Per Corelogic the # is 300 AMC’s but who really knows. It could be a lot of hype as well.

http://www.mercuryvmp.com/AMC/


And then...there’s what’s called their “Preflight 007” system.

http://www.mercuryvmp.com/mercury-preflights/preflight007

 

[lefty2cox]

He points out idiotic statements like ACI is owned by Corelogic. Some people can't handle being corrected.

Maybe you should go back through the thread. That wasn't me. Nice work.

 

[lefty2cox]

I don't need enlightening, you can't tell me of a better source of massive data than appraisals. Thanks for playing along.

I CAN tell you. I just won't. If your mind can't expand that far, it's not my problem. But if someone asks, someone who really wants to know, I may be compelled. But something tells me that those who aren't closed minded, have already imagined it. So it doesn't require an explanation.

 

[timd354]

Mercury is absolutely NOT simply a platform for lenders who do not use AMCs. There are quite a few large AMCs who use Mercury to deliver their reports to their Lender Clients. You may not use an AMC when you utilize the Mercury platform but a lot of AMCs use it to deliver your reports back and forth.

okay, but so what? It is a pipeline/delivery platform...it is not an AMC.

 

[lefty2cox]

okay, but so what? It is a pipeline/delivery platform...it is not an AMC.

Correct...it's not an AMC. I don't think anyone has said it was. But it is not simply a delivery platform.

Again, you're an appraiser or appraisal company. You have a relationship with a client. You decide to tell your client to communicate or do business with you through Mercury. They immediately have access to and are encouraged to use appraisal services provided by other companies and appraisers other than you. Honestly, how do you not see that as a detriment to your business? I'm not saying that's a bad thing if you're alamode. But it's not a smart business decision for you as a provider of valuation services.

Why would any business voluntarily provide entree to their competition? Especially knowing that so many management companies were using the same platform. But so many did.

 

[Eli]

Govt needs to own the appraiser platform, appraiser data, and appraiser management if it is a federally insured financial institution. If intended use and user is not for mortgage purposes for a federally insured institution?

Well , Ms Timd and Tres,

THEN:

 

[Michigan CG]

Maybe you should go back through the thread. That wasn't me. Nice work.

I didn't say it was you, just giving an example.

Why would any business voluntarily provide entree to their competition?

Why wold anyone be so close minded to give up a source of revenue that is better with fewer headaches? I have completed TWO AMC reports this year because I refuse to work with most of them. I have completed numerous Mercury Network reports for fees that are much higher than AMCs with no idiots calling on the phone. Why would you turn down assignments that pay $100-$150 more than the AMCs and are less hassle than AMCs?