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March 1, 2004
For Immediate Release
OKLAHOMA CITY, OK -- Rocky Hill, Ct.-based Integrated Loan
Services (ILS), a national process and workflow management
service provider for banks, credit unions and mortgage
lenders, recently completed a custom plugin for a la mode’s
Mercury Desktop product for its nationwide roster of real
estate appraisers.
Mercury Desktop connects appraisers to a la mode’s Mercury
Network which is a server hub drawing appraisers and their
lender and vendor manager clients together. The new Mercury
Network 3.0 provides loan officers, brokers and vendor
management organizations with appraisal assignment status
updates, QA and compliance review, and report delivery. In
calendar year 2003, more than 16.5 million appraisal reports
were delivered by appraisers nationwide via Mercury Network
servers.
ILS’ fee panel of appraisers is equipped with a copy of
Mercury Desktop, an EDI workflow management application
residing on an appraiser’s PC. Every copy of Mercury Desktop
in the US now contains a custom ILS plugin. Appraisers
prepare their reports with the formfilling software of their
choice, then transmit them back to ILS, which converts a
report to its mortgage lending client’s format and transmits
it to that client.
“ILS has had a long, extremely productive relationship with
a la mode,” said Joe Kent, SVP of Technology for ILS. “Our
appraisers take advantage of custom Mercury Desktop
applications and the Mercury Network’s workflow management
features to transmit professional, quality appraisals
faster. Our lender clients appreciate the improved
turnaround time on assignments, appraisals pre-checked to
conform to their business rules, and reports in their
preferred format.
“We forecasted an order volume increase of more than 25
percent this year, and along with upgrading our facilities,
expanding our physical space and hiring 35 percent more
staff, a key way we’re going to continue to deliver
excellent service as we grow is through our strategic
partnership with a la mode,” Kent said.
About ILS
ILS is a nationwide company with over 60 years of experience
providing innovative lending solutions to banks, credit
unions and mortgage lenders. Their products and services
streamline mortgage processes; ease workflow; cut overhead
and eliminate loan-processing hassles. The company is part
of Fiserv’s Lending Systems and Services Group. ILS provides
instant web access and delivery through ILS eServices to
nationwide loan support products including QuickClose LPI,
ACA ValueGuard, appraisals, collateral assessments, credit
reports, title searches, flood determinations, loan
processing, convenience closings, escrow/funding and post
closing review. Their corporate offices are in Rocky Hill,
Connecticut with additional locations in Fairfield Conn.,
Florida, California, New York, Maine and Massachusetts. For
more information, check the ILS home page:
www.ils.com. or
call (800) 842-8423.
Fiserv, Inc. (Nasdaq: FISV) is an independent, full-service
provider of integrated data processing and information
management systems to the financial industry. As a leading
technology resource, Fiserv serves more than 13,000
financial service providers worldwide, including banks,
broker-dealers, credit unions, financial planners/investment
advisers, insurance companies and agents, mortgage banks and
savings institutions. Headquartered in Brookfield,
Wisconsin, Fiserv also can be found on the Internet at
www.fiserv.com.
About a la mode
a la mode, inc. is the leader in the design, development and
support of real estate related software, e-commerce
solutions and electronic document technologies, and with its
Mercury Network, which delivered more than 16.5 million
appraisal reports in 2003, the undisputed leader in
paperless real estate transactions. Learn more on the web:
http://www.alamode.com
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