Veros’ PATHWAY Prepared to Deliver GSE’s Appraisal Messages

Veros’ PATHWAY Prepared to Deliver GSE’s Appraisal Messages

01/18/2013 BY: ESTHER CHO

On January 28, Fannie Mae will implement appraisal messages through the Uniform Collateral Data Portal (UCDP). As the date nears, Veros Real Estate Solutions announced its PATHWAY technology solution is ready to deliver the GSE’s proprietary appraisal messages.

Through the portal, Fannie Mae appraisal messaging can be used to provide feedback to lenders on the quality of the appraisal data submitted. The GSE sends messages on data inconsistencies and other appraisal quality issues.

The PATHWAY solution allows for seamless submission to UCDP. The solution allows for the conversion of PDFs to the required XML format, submission of Uniform Appraisal Dataset (UAD) and non-UAD reports, and the ability to preview and resolve potential errors prior to submission, among other functions.

PATHWAY is designed for entities with volumes too large for manual upload to UCDP’s web interface, but too small to require an enterprise platform solution. Through PATHWAY, lenders, AMCs, and other technology providers can connect to the portal with minimal technology integration.

“Fannie Mae is to be commended for taking yet another step toward data transparency throughout the mortgage transaction,” said David Rasmussen, SVP of operations for Veros. “Providing the lender with the information necessary to identify significant data, policy or property issues truly helps get down to the core concerns around data quality. We are pleased to announce PATHWAY is fully equipped to allow the transmission of this information.”

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