Mercury Network Transaction Fees


Mercury Network Transaction Fees

There is a per-order transaction fee required to use the Mercury Network software. The vendor will be responsible for the transaction fee unless the client agrees to pay the transaction fee beforehand. The transaction fee is completely separate from the fee the vendor charges the lender/AMC for the order. The payment for those services will come from the client, directly to the vendor.

  • If you're responsible for a transaction fee, you'll be notified when you place or accept an order.
  • Your card will be charged or credited only once per day - for the orders that took place the prior day from 12:00AM to 11:59 PM CST. If you're processing multiple orders in the same day, the net of your transaction fees (and/or credits) will be accrued and applied to the credit card.
  • If you had an order refunded, we'll give you a credit on your account for the amount of the order.  If any new orders come in before your credit card is charged/refunded, we automatically pull from the credit on your account to cover the cost of the new order.
  • To manage your Mercury Network payment information, log in to Mercury Network and click Account in the top toolbar. There, you can add/remove credit cards and view past invoices to see details (such as the address) for each charge or credit. Click here for step‑by‑step instructions on adding a credit card to your account.
  • Often, charges don't show up on your online credit card statement for a few days, so be sure to check the Payment History section of your account for the most recent information. Just go to the Paid Invoices tab, select the month, and click Search. From there, click View/Print Invoice to see a particular day's charges or credits.


Click a panel below for an explanation of the transaction fee for each product type:

Residential Appraisals

Here are the current transaction fees for residential appraisal products.

Product Transaction Fee
Appraisal Update / Inspection of Repairs (FNMA 1004D) $6.00
Appraisal Update / Recertification (FNMA 1004D) $6.00
Comparable Rent Schedule $6.00
Comparable Rent Schedule w/Operating Income Statement $6.00
Condo Appraisal Conversion to FHA $6.00
Construction Inspection Report $6.00
Conventional Conversion Appraisal Update $6.00
Desktop Review $6.00
Desktop Summary Appraisal $6.00
Disaster Area Property Inspection Report $6.00
FHA Comparable Rent Schedule $6.00
FHA Comparable Rent Schedule w/Operating Income Statement $6.00
FHA Conversion Appraisal Update $6.00
FHA Inspection $6.00
General Property Inspection $6.00
LASS-O Multi-Family Drive by $6.00
LASS-O Multi-Family w/Income Approach $6.00
LASS-O SFR/Condo Drive by $6.00
LASS-O SFR/Condo Full $6.00
Multi-Family Appraisal Conversion to FHA $6.00
Operating Income Statement $6.00
USDA-RD GRH Appraisal Addendum $6.00
Valuation Risk Analysis (VRA) $6.00
All other products $14.50

If you have questions about a Mercury Network transaction fee, contact Mercury Network Client Relations at 1-888-794-0455.

Broker Price Opinions

Below is a list of Broker Price Opinion products and the related transaction fee for each.  This transaction fee is paid by the Lender or AMC requesting the BPO.

Product Transaction Fee
Broker Price Opinion Drive by $3.00
Broker Price Opinion Exterior Inspection $3.00
Broker Price Opinion Interior & Exterior Inspection $3.00
Broker Price Opinion Interior Inspection $3.00

Commercial Appraisals

Below is a list of commercial appraisal products and the related transaction fee for each. This transaction fee is paid by the vendor providing the appraisal, unless otherwise arranged beforehand:

Product Transaction Fee
Commercial Appraisal Report 3% of appraisal fee
Commercial Restricted Appraisal Report 3% of appraisal fee

There is a minimum transaction fee of $14.50.

Inspections

Below is a list of inspection products and the related transaction fee for each. This fee is always paid by the vendor providing the inspection, unless otherwise arranged beforehand:

Product Transaction Fee
Disaster Area Property Inspection Report $6.00
General Property Inspection (no form specified) $14.50

RealView

Volume Basic Premium (MLS + Pub Rec) Premium + Mercury
Less than 100 orders/month $7.00 $18.00 $16.50
101-500 orders/month $6.50 $17.00 $15.50
501-1000 orders/month $6.00 $16.00 $14.50
1001-2500 orders/month $5.50 $14.00 $13.50
2501-5000 orders/month  $5.00 $12.00 $11.50
More than 5000 orders/month  $4.50 $10.00 $9.50

RealView a la Cart Pricing

Product/Service Basic
PDF Conversion (requires RealView) $1.50
UCDP Submission (requires RealView) $1.50
Convert Appraisal to MISMO 2.6 GSE XML $1.50
EAD Submission $1.50
RealView QualityBridge  $1.50
More than 5000 orders/month  $1.50
Current Client Custom Checklist work  $35.00/rule
Custom Implementation  5x Simple
$4,500 Complex

Implementation fees are determined per quote. Early termination fees are applicable.

OptiVal and AVMs

Optival AVM Pricing

Volume per month AVM Report OptiVal Fee Total
<100 $14.50 $4.75 $19.25
101-500 $13.50 $4.00 $17.50
501-1000 $12.25 $3.25 $15.50
1001-2500 $11.00 $2.50 $13.50
2501-5000 $9.75 $1.50 $11.25
>5000 Quote Quote Quote

AVMs

Product Fee
Express AVM Cascade $5.50

Implementation fees will be determined per quote. Early termination fees are applicable.

RealCondition Report

 
Product Fee

RealCondition Report, Exterior only

3-day turn time

$50

RealCondition Report, Interior & Exterior

5-day turn time

$110

  • Turn times are calculated using business days.
  • Order date is day 0.
  • $15 cancellation fee applies if the order is cancelled more than 15 minutes after placement.
  • Interior reports require cooperation with resident or owner to access the interior of the property.
  • $20 trip fee applies if sufficient information isn’t provided for property access.

Other Services

 
Product Fee

Collateral Expert

$4.00

Flood Determination

$12.00

4506t with 1 year transcript

$10.00

4506t with 2 year transcript

$12.00

DirectChek (Identify Verification)

$12.00

Fee Analytics

$15k/nationwide | $500/state

Doc Details

Mercury Network Transaction Fees

  • Document 2015
  • Revised: 3/14/2018

The Big Picture

This document describes the transaction fees for Mercury Network orders and how to update your credit information plus see a history of your transactions.

In order to follow the instructions here, you must log in as the administrator of your Mercury Network account. In other words, sub accounts cannot view the credit card information and transaction history.