Appraisal network 'flooded'

October 2, 2002

Transamerica Flood joins a la mode's Mercury Network of electronic appraisal delivery


Inman News Features

Transamerica Flood Hazard Certification is the latest company to join a la mode's nationwide electronic appraisal delivery network.

The flood zone data provider will serve as the primary source of flood certification services to the mortgage brokers, lenders and management companies on the a la mode Mercury Network.

Transamerica Flood has previously provided flood zone data to a la mode's InterFlood Web site for flood maps, and has been a source of flood data available to appraisers in a la mode's WinTOTAL desktop software.

Transamerica and a la mode have maintained and expanded their relationship even after a legal dispute over the InterFlood Web site and its use of Transamerica's data, according to a la mode. The lawsuit was dismissed after the companies worked out their differences, and forged ahead with a clarified licensing arrangement.

Other Mercury Network members include 3S/RealServ, Advanced Collateral Solutions, Appraisal Enhancement Services, FISERV Integrated Loan Services, General American Corp., Nationwide Appraisal Services Corp., Ocwen Financial's OTX and Value IT.

Hasbrouck Heights, N.J.-based Transamerica Flood provides flood zone determinations to loan originators, mortgage servicers, appraisal and insurance companies.

Oklahoma City-based a la mode Inc. is a real estate appraisal technology provider.

Copyright: Inman News Service


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.