Mercury Network allows lender and AMC clients to issue bid opportunities for commercial properties. These opportunities differ from standard appraisal orders in that they require the appraiser to submit a bid on the project for review. The client will review all submitted bids and award the order based on their review.
When a lender or AMC issues you a new bidding opportunity, you will receive an e-mail notification and the new opportunity will appear in the 'Bidding Orders' folder within your Mercury Network account.
When you locate the bidding opportunity, double-click on the opportunity to review. Review the details of the opportunity including any documents the client has provided. When you are ready to submit your bid, select the Submit bid menu option.
When you select the menu option, the Submit bid dialog will display allowing you to submit your proposed fee and turn time for the property.
You will need to complete the following steps:
As part of your bid submission, you need to certify your ability to accept the appraisal order. You may either check the item to fully certify or provide comments to the client.
When the client awards you an order based on your bid, you will receive an e-mail notifying you of the award. You will need to Accept or Decline the assignment. Access the order via your Mercury Network account and select the Accept/Decline Assignment menu option.
You will be presented with the Order acknowledgement screen to complete the following steps.
This document explains how an appraiser receives and responds to a bidding opportunity.
An appraiser receives a new bidding opportunity, submits a bid and acknowledges an awarded order.