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Mack

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Reply with quote  #1 
Great news! CoreLogic has entered into a definitive agreement to purchase Mercury Network. You won't need to make any changes because all products and services will continue to operate just as they do now.

As we continue to invest in R&D, you will see more features that make your job easier and your business grow. More details are here:
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BChip

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Reply with quote  #2 
Real great news. sad_face_classic_round_sticker-r861f65fdcb8640dca0261c60f986f8a4_v9waf_8byvr_324.jpg 

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RubberStamp

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Alamode is not innocent here.  The investment firm that bought Mercury was, in my opinion, a shell company to keep good standings with appraisers...  meanwhile they were planning to sell to Corelogic all along.  No investment company would every touch a silly company like Mercury.  This was planned. 

I just gave my first $15 to Corelogic so that they can ruin us.  This is getting exciting.  They definitely have something up their sleeve.   Like a boa they just wait for us to relax a little then tighten a little more.
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Meatloaf

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Call the lender.  Tell them that you suggest they find a different route than mercury.

Call the agents that sent the client to that particular lender.

Make it happen.

Whatever you do, don't just do business as usual.  Make your voice heard.

I will never do another mercury order.

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RubberStamp

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Reply with quote  #5 
Can't fight progress.  The guys with the money are too smart and powerful.

This will not get figured out until we have half a trillion dollars in uncollateralized loans made without an appraisal and the tax payers bail them out. 

You can't tell who is swimming naked until the tide goes out.  So the consequences will take a while.
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treskirkland

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Reply with quote  #6 
This does seem very suspect that it's been what a year since A-la-mode sold Mercury.....  
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Meatloaf

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Reply with quote  #7 
The only client I had that was using Mercury was Homestar.  I pretty much fired them earlier in the year anyway.  Too much stupidity.
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RubberStamp

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Reply with quote  #8 
Quote:
Originally Posted by treskirkland
This does seem very suspect that it's been what a year since A-la-mode sold Mercury.....  


No doubt an intermediary ownership was set up just so Alamode can wash their hands of CoreLogic.  


 

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LEF

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Reply with quote  #9 
Related image


THE END IS NEAR!!!!!!!!!!!!!


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BChip

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Reply with quote  #10 
Corelogic is the biggest data mining operation out there right now (aside from Fannie Mae's CU). They have been buying up appraiser databases, MLS systems, public record databases, etc all over the country. They have used this information to develop software that they sell to lenders and government agencies as a tool for their appraisal reviews and risk analysis. Now when reviewing an appraisal, they can verify the information in your appraisal against public record data, the MLS and even previous appraisals completed on that property (including the comps). I have seen it and it is quite sophisticated. They even include what they call an "Integrity Risk Score" based on how well your data matches the data they have collected as well as a "Valuation Risk Score" which rates your comp selection compared to other sales in the market. The higher the risk scores, the closer they look at and challenge your appraisal. The more stuff they buy, the more sophisticated this software becomes. (Copied from appraisers forum) I agree with this writers comment.

Corelogic is pretty damn scary.

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