CoesterVMS, a national appraisal management company, is integrating with Veros Real Estate Solutions, a move which it says will provide Coester VMS customers with enhanced UCDP responses, which will result in faster review times.
CoesterVMS users also will have access to the FHA’s new Electronic Appraisal Delivery (EAD) portal, which will be required for all FHA-approved mortgagees on or after June 27, 2016. Providing this access early allows lenders to be compliant ahead of the required deadline.
“Working with Veros allows us to provide our customers with the latest access to valuation technology so they can better serve their customers and remain compliant,” CoesterVMS CEO Brian Coester said in a press release. “We welcome the opportunity to partner with such a dominant provider in the valuations arena.”
Veros is the official technology provider for the UCDP system used by Fannie Mae and Freddie Mac, as well as the technology provider behind the EAD portal.
“Veros is pleased to welcome CoesterVMS to the family of technology providers using our proprietary Pathway system-to-system connection to help their customers deliver electronic appraisal data to Freddie Mac, Fannie Mae, FHA and other mortgage stakeholders in the loan lifecycle,” Veros Real Estate Solutions Senior Vice President David Rasmussen said. “By providing strong portal delivery services, we are working together to enhance mortgage efficiency and loan value quality.”