Mercury Network 3.0 - July 22, 2021 Update

This update contains enhancements throughout the platform. See the blog post here.

New Features

Improved vendor stats and ratings

This release makes vendor stats and ratings more relevant and useful by calculating them based on the previous 18 months of orders.

When viewing the Statistics tab in a vendor's profile, you'll now see the Order Placed drop-down menu has changed slightly. While the default selection is still Last 12 months, it now includes Last 18 months. The previous options All and Previous calendar year have been removed.

Vendor ratings are now calculated based on the previous 18 months, which is particularly handy because there is no selection for date ranges in the Ratings tab. Previously, ratings were calculated based on all historical orders which, for some accounts, might be more than a decade. Based on your feedback, the new timeframe will make ratings more helpful, especially when using them as criteria for automatic vendor selection.

These changes are in preparation for Mercury Network's ability to archive historical orders, an initiative we've mentioned before. By archiving orders that have no activity for 18 months, the platform's performance will be improved, paving the way for exciting upcoming features.

No orders for active customers are being archived right now. We'll soon begin a phased approach to archiving, so we'll proactively contact customers before their historical orders are archived.

Issue Resolutions

• When creating a new appraisal order in Mercury Network, lenders may have noticed that the map of the subject address was not being displayed in the Property location section on the right. This has been fixed so the map and accompanying options (such as Aerial, Road, Bird's eye) will be shown as expected.