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October 21, 2003
For Immediate Release
Oklahoma City, OK,
October 21, 2003 — a la mode, the nation’s largest developer
of valuation workflow software, announced the completion of
phase one of a multi-part Mercury Network appraisal
management integration project for LandSafe Appraisal
Services, a subsidiary of Countrywide Financial Corporation.
The project provides LandSafe with internal appraisal
workflow efficiencies and end-to-end connectivity with the
Mercury Network’s pool of tens of thousands of real estate
appraisers.
LandSafe is a premier national appraisal company and
provider of information management services to the real
estate lending industry. The development of LandSafe's
custom plugin to a la mode's Mercury Desktop software
enables appraisers to communicate directly with LandSafe's
backend management systems. Custom workflow and review rules
pre-process the report before delivery to LandSafe’s
servers, and the delivered appraisal packet includes the
appraiser’s PDF of the report plus the data in MISMO-compliant
XML format.
The key to the Mercury Network’s popularity and appeal to
the lender and appraisal management community is its ability
to work through a consistent data interface regardless of
the type of software used by the appraiser. With legacy
systems, interfaces had to be built for every individual
software vendor’s file format. But a la mode’s Mercury
Desktop conversion technology provides the XML data and PDF
even for users of appraisal products which don’t support XML
natively.
"LandSafe continues to improve the quality and speed of our
product delivery systems to mortgage brokers and lenders
across the nation," said Greg Dennis, President of LandSafe
Appraisal. "That means joining with industry-leading
technology resources like a la mode and the Mercury Network
to provide top quality appraisal products and services
through a next generation appraisal delivery system that
combines service and automation to improve the process."
"LandSafe’s vision meshes perfectly with our ability to
connect them to our huge database of Mercury Network
appraisers and to automate their workflow rules at the same
time. A lender or management company simply cannot spend
thousands of hours a year managing unstructured PDFs
arriving in a deluge of individual e-mails, and then rekey
data from those PDFs into upstream links to LOSs or other
decisioning systems. The Mercury Network’s custom Internet
and desktop components allow them to completely eliminate
that nightmare," said Jennifer Miller, Mercury Integration
Project Manager.
Built on a la mode's net.X™ data backbone technology, the
Mercury Network provides appraisers, loan officers, and
management companies a simple and elegant solution to
workflow problems, particularly XML data access and
compliance reviewing, which have plagued generic internet
portals and legacy report-conversion products. Mercury
Network appraisers are available and connected in every
county in the United States.
About a la mode, inc.
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 more than 50 percent of the
nation’s appraisers, nearly three times the share of its
closest competitor. a la mode’s Mercury Network (http://www.alamode.com/mercury)
servers delivered more than 14 million electronic appraisals
in the past 12 months, making it the undisputed leader in
paperless real estate transactions.
About LandSafe
Founded in 1994, LandSafe, Inc., a subsidiary of Countrywide
Financial Corporation, (NYSE: CFC), provides high quality,
technology-driven closing services and superior customer
service to the residential mortgage industry. The services
include appraisals, credit reporting, flood determination,
title insurance and escrow services for residential mortgage
transactions. For more information about LandSafe products,
please call 1-877-LS-CLOSE or visit LandSafe on the Web at
http://www.landsafe.com.
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