PCV Murcor Real Estate Services, a provider of valuation services, has integrated with Veros Real Estate Solutions as part of the Fannie Mae Collateral Data Delivery (CDD) initiative.
Beginning no earlier than July 1, Fannie Mae will require all of its lenders to submit appraisals to them in a data format prior to the delivery of the loan package. Veros Real Estate Solutions was chosen by Fannie Mae to be the sole technology provider for the CDD project with the responsibility for building, maintaining and supporting the CDD system, PCV Murcor explains.
‘This technology will allow our clients to send appraisals directly to Fannie Mae leveraging our integration with Veros," states Russell Lewis, chief information officer of PCV Murcor. "We actually have vendors that have been delivering the appraisal data elements to us for several months now in anticipation of our ability to deliver the data to the new CDD system."
SOURCE: PCV Murcor