Veros Updates PATHWAY Solution In Advance Of Changes To UCDP

Veros Real Estate Solutions’ proprietary PATHWAY system is now equipped to handle the upcoming changes to the Uniform Collateral Data Portal (UCDP) to be introduced by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

The changes pertain to both the UCDP, which is used for the submission of appraisal data files to the GSEs, and the Uniform Appraisal Dataset (UAD), which standardizes key appraisal data elements.

Starting June 22, appraisal files submitted to the UCDP will be rejected unless they include the UAD fields for effective date, subject contract price and comparable sale price, above grade gross living area (for subject property and comparable sales) and sale type (for subject property and comparable sales). Currently, the portal sends an alert when this data is missing. Read full article

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