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Agreement connects single largest pool of
real estate appraisers with more than 14,000 mortgage originators
February 24, 2003
For Immediate Release
Vienna, VA and Oklahoma City
– BCE Emergis (TSX: IFM) and real estate software designer a
la mode, inc. today announced an agreement that will bring
together the largest pool of real estate appraisers in North
America with the more than 14,000 mortgage originators who
have access to Freddie Mac's loanprospector.com. As a result
of the agreement a la mode's Mercury Network, a leader in
paperless real estate transactions, will be connected to
Emergis® Vendor Services Exchange, a secure, Web-based
solution for real-time placement, receipt and management of
settlement services.
"Connecting to a la mode's Mercury Network will provide
mortgage originators using Emergis® Vendor Services Exchange
with easy access to over 50 percent of all appraisers in the
United States - in every county in every state - all of whom
are capable of delivering services electronically," declared
Gunnar Bergstrom, president of the eLending Solutions unit
of BCE Emergis.
The Mercury Network delivered more than 8.8 million
electronic appraisals to lenders and appraisal management
companies in the past 12 months, making it, according to a
la mode, the undisputed leader in paperless real estate
transactions.
"Our appraiser customers will now enjoy a seamless
connection to thousands of originators with access to Vendor
Services Exchange through Freddie Mac's loanprospector.com
without ever having to leave the Mercury Network. This is a
case where two companies working together are truly solving
the problem of the last mile in a nationwide, end-to-end
paperless mortgage platform," stated David Biggers, a la
mode CEO.
The Mercury Network supports XML data standards established
by the Mortgage Industry Standards Maintenance Organization
(MISMO). a la mode's real estate appraiser members subscribe
to the Mercury Network to connect to customers while using
the report form-filling software of their choice. The
solution utilizes custom software "plug-in" products, which
allow lenders to leverage a la mode's superior coverage,
technology and reputation with real estate appraisers.
Emergis® Vendor Services Exchange was launched as a featured
tool on Freddie Mac's loanprospector.com in December 2002.
Over 40 vendors and five lenders have joined Vendor Services
Exchange, including leading settlement service providers
such as, Stewart Title, LandSafe, General American
Corporation, First American, CBC Companies and LSI. It is
the first of a suite of solutions that leverage the
company's eLending Solutions platform for end-to-end
paperless loan fulfillment, closing and storage.
About BCE Emergis
BCE Emergis is a leading North American eBusiness company
enabling specialized transaction processes for the health
and finance sectors. BCE Emergis supplies solutions to
businesses that automate transactions between companies and
allows them to interact and transact in real-time. Its
leading technologies are centred on claims processing,
electronic bill presentment and payment solutions.
BCE Emergis customers include 14 leading North American
health insurers, three of the top five U.S. banks, five of
the top six Canadian banks, and a number of North America's
largest enterprises. The Company's shares (TSX: IFM) are
included in the S&P/TSX Composite Index.
About a la mode
a la mode, inc. is the leader in the design, development and
support of real estate related software, Internet solutions
and electronic document technologies. The company's flagship
product, WinTOTAL, is used by over 50 percent of the
nation's appraisers, nearly three times the share of its
closest competitor. a la mode's Mercury Network servers
delivered over 8.8 million electronic appraisals in the past
12 months, making it the undisputed leader in paperless real
estate transactions. More information on the company can be
found on the Web at
http://www.mercury.alamode.com.
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