Mercury Network 3.0 - October 1, 2020 Update

This update contains enhancements within Mercury Network. See the blog post here.

New Features - Archiving

• Soon, Mercury Network will have the ability to archive historical orders which have no activity for 18 months. Of course, you'll still have unlimited storage of historical orders at no extra cost, as you always have. But, by archiving older orders and storing them in a separate database, the platform's performance will be significantly enhanced so we can build several upcoming features that will enable more of your origination workflow within Mercury Network. This update includes a few changes in preparation for the archiving capabilities:
  • When searching for orders, the date ranges in the Placed drop-down menu have changed. Lenders will see two new options: All Active and Archived. Vendors and VMP XSite client users will see a new 60 days range. Everyone will see that the All item has changed to All Active.
    For now, searching for archived orders will return no results because orders are not yet being archived. But, after orders have been archived, you'll be able to search those orders by selecting the Archived item in this drop-down menu.

Mercury Network - VMP XSites

• There were cases when an invoice from an AMC to a lender could not be downloaded because of a file corruption. This has been fixed.

Mercury Network - Vendors

• When two appraisers from the same Mercury Network account have received a bid request for the same order which has a current status of Bid Window Closed, those appraisers can now successfully delete the order. This will effectively show the vendor declined to bid on the order.

Mercury Network - Order Management

• We fixed an issue where a second full FHA appraisal being submitted to the EAD for an order was overwriting the first appraisal. Now, when submitting the second appraisal, both are available in the portal.