VeroDATAFI

UCD Compliance with VeroDATAFI

Certified by both Fannie Mae® and Freddie Mac, VeroDATAFITM from Veros helps lenders streamline and automate the secure delivery of the Uniform Closing Dataset (UCD) files directly to the GSEs, so lenders can stay focused on profitability and growth.

VeroDATAFI is your safeguard that your UCD XML files will be submitted to the GSEs according to their latest mandates. Beginning in September 2017, Fannie Mae and Freddie Mac have required a UCD file be included with every loan submitted for sale to either GSE.

In June 2018 two additional requirements were added:

  • Some UCD warnings switches to fatal/critical in Loan Delivery.
  • The Closing Disclosure PDF (Borrower data) must be embedded in the UCD XML file.

The VeroDATAFI web portal and the PATHWAY UCD direct integration system (for high volume clients) meet these and other GSE requirements. 

Download VeroDATAFI Brochure

 

Two Reliable, On-Demand Delivery Options
VeroDATAFI
PATHWAY Direct Integration
File uploading, processing and delivery
Seamless system-to-system delivery routing via API
Ability to submit the UCD XML with embedded PDF copy of the Closing Disclosure
Retrieve and view UCD submission findings / feedback messages
Use existing Fannie Mae and Freddie Mac credentials
Submit to Fannie Mae and Freddie Mac using a single platform

 

VeroDATAFI is designed to help drive efficiency in the mortgage loan process. VeroDATAFI manages and ensures delivery of the UCD file, and simplifies compliance with each GSE’s current and future requirements. Our UCD-compliant delivery solution offers greater efficiencies beyond secure delivery; the VeroDATAFI technology performs prechecks to see if the XML file is complete and ready for Fannie Mae and Freddie Mac – giving lenders the confidence that the closing data fields align with the UCD standards.

The Right Technology Ensures Delivery 

VeroDATAFI leverages PATHWAY’s established infrastructure and platform into Fannie Mae and Freddie Mac, as the secured conduit for the UCD-compliant delivery process. By doing so, our customers will be assured of stellar portal performance and more than 99.9% up-time. PATHWAY is ranked #1 for appraisal delivery volume into the Uniform Collateral Data Portal® (UCDP®). By leveraging Veros’ PATHWAY technology as the secured conduit, we have developed the systems infrastructure that you can rely on to meet the GSEs’ new UCD-compliant delivery mandate.

To ensure you are prepared, begin testing your delivery with VeroDATAFI now.

How It Works

VeroDATAFI provides the flexibility you need to implement the UCD compliance requirements. VeroDATAFI can accept UCD XML data, including the pre-embedded PDF, from any third parties and ensure secure delivery directly to the GSEs.  There are two UCD compliant-delivery methods to choose from. The VeroDATAFI web portal provides users the ability to upload the XML file on demand and instantly deliver it to one or both GSEs. For a seamless connection to the GSEs, the direct API integration with PATHWAY automates high volume delivery that’s fast, reliable, and secured. The API solution seamlessly integrates into the lender’s current infrastructure.

Our UCD technology has successfully integrated with both Fannie Mae’s and Freddie Mac’s B2B UCD collection solutions.   These integrations allow VeroDATAFI users to submit files to the GSEs for quality and eligibility checks, and receive feedback so that you can make the necessary changes based on those findings. With VeroDATAFI, we’ve simplified the delivery process to both GSEs, enabling you to process more loans faster and reduce operational costs.

Benefits of VeroDATAFI

VeroDATAFI is certified by both Fannie Mae and Freddie Mac, which enables lenders to immediately deliver compliant UCD files to one or both GSEs. 

  • VeroDATAFI adheres to industry compliance standards.
  • Veros worked closely with the GSEs to test UCD file submissions, and to verify VeroDATAFI’s functionalities to meet the complex specifications of each of UCD collection portals, so you don’t have to.
  • VeroDATAFI offers reliable methods to deliver your UCD files to both GSEs.
  • Veros will manage and help you adapt to future UCD changes – ensuring you’re always ahead of Fannie’s and Freddie’s specific delivery requirements.
  • Veros has more than 16 years of experience working with lenders nationwide and delivering transformative technologies to the mortgage industry.

Veros has the technology and expertise to keep your operation ahead of your competitors, be compliant with regulators, and to help you prepare for UCD and the next Unified Mortgage Data Program (UMDP) mandate, Uniform Loan Application Dataset (ULAD).

As the technology provider for the GSEs, we continually make investments in our systems to support investor guidelines and deliver a scalable, innovative technology that will help lenders of all sizes sustain regulatory compliance, realize significant efficiencies, enhance customer experience, and drive financial performance.

Don’t risk not being able to sell your loans. Start your data delivery with VeroDATAFI. 

To request a demo or to learn more about how Veros can support your UCD needs, contact us today 866.458.3767, Option 2.