a la mode Steps in With Hurricane Sandy Recovery Effort, Waives All Transaction Fees for Catastrophic Disaster Area Inspection

a la mode Steps in With Hurricane Sandy Recovery Effort, Waives All
Transaction Fees for Catastrophic Disaster Area Inspection Reports

NAPLES, Fla., Nov. 5, 2012 (GLOBE NEWSWIRE) -- As mortgage lender orders for
disaster inspection reports surged to more than 200 times the normal level in
the aftermath of Hurricane Sandy, real estate technology provider a la mode,
inc. announced that its Mercury Network service will completely waive all fees
related to gathering disaster reports in the affected areas. Mercury Network
is the nation's premiere vendor management platform, handling millions of
transactions each year for the nation's largest lenders and appraisal
management companies.

a la mode urged lenders, appraisers, and management companies to visit
www.mercuryvmp.com/sandy for details on how to smoothly scale up disaster
operations to meet the current crisis. Vendors and clients can be conducting
transactions at no charge whatsoever within minutes of visiting the site. With
more than 3,300 appraisers available in the affected areas, lenders can be
assured that every property in their portfolio is within reach of a
professional appraiser ready to provide the inspection reports, safety
conditions permitting.

"Our focus right now is to make sure lenders are able to immediately move
forward on closings for unaffected properties, and get rapid assessments using
the Catastrophic Disaster Area Inspection Report, or CDAIR, on those that have
been impacted," said Jennifer Miller, president of a la mode's Mortgage
Solutions Division. "We're glad to be in a position to help the industry and
the local area's housing markets at a time when they need it the most. Our
thoughts are with everyone affected by Hurricane Sandy, but especially our
lenders, appraisers, management companies, and agents. It's a real estate
disaster which will alter their livelihoods for years to come."

a la mode's client and partner, CoreLogic (CLGX, www.corelogic.com), released
pre-landfall estimates of approximately 284,000 homes at risk with a combined
property value of nearly $88 billion. Since the time of that estimate,
post-landfall insurance risk reports have been dramatically upgraded, with
industry leader EQECAT (www.eqecat.com) doubling its insured and economic
damage estimates to up to $50 billion as updated information streams into its
computer models. Real estate damages are potentially even larger than
previously forecasted, with more than 8.2 million homes out of power in 17
states, and large-scale commercial property damages highly visible in media
reports.

John Farley, president of a la mode's Appraisal Division, gave advice to
lenders and appraisers as to how to proceed: "We designed the CDAIR as a
triage tool, to give lenders a quick assessment as to whether the property is
still viable collateral. It's intentionally not a full appraisal. Remember
that in a disaster, the appraisers serving the area are working under highly
abnormal conditions, so delivery times for traditional appraisals with the
full URAR scope of work will stretch to several weeks or months. By
comparison, the CDAIR lets a qualified appraiser rapidly and inexpensively
complete and deliver an initial 'boots on the ground' assessment of the
property's damage, marketability, and habitability. Full appraisals or
engineering reports should be ordered after reviewing the CDAIR's
conclusions."

The CDAIR is available inside a la mode's TOTAL family of appraisal software,
used by the majority of appraisers in the United States. TOTAL users cover
every city and county in the nation.

###

a la mode's Mercury Network is the nation's premiere Vendor Management
Platform in the appraisal and BPO industries, offering both interfaceless
"black box" MercuryDirect services and APIs, as well as "turn key"
MercuryManaged Web front ends for use by loan officers and compliance staff.
Mercury has been used in both capacities by a lengthy roster of the nation's
largest lenders and AMCs, as well as by numerous community banks, credit
unions, wholesale and correspondent lenders, and mortgage brokers, simplifying
full compliance with appraisal independence standards and banking security
regulations. It's been used by more than 200,000 mortgage professionals since
2002 to automate the full "round trip" of tens of millions of appraisals. For
more information, visit www.MercuryVMP.com.

Press inquiries, contact:
Molly Dowdy
EVP, Marketing
Mortgage Solutions Division
a la mode, inc.
(405) 359-6587 x 339

About a la mode     

Celebrating 27 years as a mission-critical workflow technology leader in the
real estate and mortgage industries, a la mode's products are used by hundreds
of thousands of appraisers, salespeople, inspectors, and lending professionals
to power more than 50% of all residential real estate transactions in the US
each year. a la mode's flagship product for the lending industry is its
Mercury Network, the nation's premiere valuation Vendor Management Platform
with over 20,000 transactions a day. In the appraisal sector, its TOTAL
desktop software line is dominant, used by more appraisers than all other
brands combined. And in the agent market, a la mode's Broker Reciprocity and
Analytics products enjoy top-tier direct access to MLS listings and sales data
via integration contracts with local boards serving more than 500,000 licensed
salespeople nationwide.

a la mode is headquartered in Naples, FL, with additional offices and
approximately 200 employees located in Oklahoma City, Salt Lake City, and
Washington, DC. For more information about the company, visitwww.alamode.com.

All product and company names herein may be trademarks of their registered
owners.

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