Veros Real Estate Solutions, which makes valuations software for the real estate and mortgage banking industries, reports that its Sapphire solution is the first valuation management platform to offer connection to the Federal Housing Administration’s (FHA) electronic appraisal delivery (EAD) portal.
In addition, the appraisal-order interface provides direct connection to Fannie Mae and Freddie Mac’s Uniform Collateral Data Portal (UCDP), enabling lenders to submit appraisals to either portal through a single system.
Whether a lender orders appraisals via a managed panel, an appraisal management companies, 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.
Read full article
