Veros Real Estate Solutions announced that its web-based,
residential collateral valuation management platform, Sapphire, will provide
lenders with a direct connection to FHA’s Electronic Appraisal Delivery (EAD)
portal.
Veros offers the first and only appraisal-order interface
providing direct connections to both FHA’s EAD portal as well as to the GSEs’
Uniform Collateral Data Portal (UCDP), enabling lenders to submit appraisals to
either portal through a single system.
This announcement from Veros comes after announcing in June
that company’s system-to-system integration offering, Pathway, will deliver
appraisals to EAD. Both Sapphire and Pathway now provide customers with the
ability to submit to either portal, and offer quality control tools, including
UCDP “Preview” and integration with the company’s automated appraisal scoring
tool, VeroSCORE.
Sapphire is a SaaS-based property valuation management
platform that addresses the breadth of valuation management needs in one
permissions-based platform.
Whether a lender orders appraisals via a managed panel, AMCs
or both, and whether the lender sells their loans to Fannie Mae, Freddie Mac,
insures through FHA or holds in their own portfolio, Sapphire is equipped to
manage the appraisal procurement and quality control process in a central
system with highly auditable reporting.
“The Sapphire platform allows users to transition seamlessly
through the appraisal order, management and quality control processes while
combining flexible reporting and vendor management tools,” Veros’ Senior Vice-President
of Operations’ David Rasmussen said, in the news
release.
“Electronic submission of appraisals is mandated by the GSEs
and will be mandated by FHA in the near future Customers using Veros’
proprietary solutions, such as Sapphire, can be confident that the expertise
and experience that Veros implements in building and supporting the portals is
equally applied to the development of its own technology.”