Veros Real Estate Solutions has integrated its VeroSELECT and Valuation Risk Management products with a la mode's Mercury Network vendor management platform, a la mode says.
The integration connects Veros' platform clients with a la mode's network of appraisers and appraisal management companies. The services will support real-time appraisal order placement, appraisal order payment processing, status updates through the order cycle, and delivery of the completed appraisal report in MISMO 2.6 format, as well as electronic appraisal submission in full compliance with the Federal Housing Finance Agency's mandated Uniform Collateral Data Portal (UCDP).
UCDP is being implemented by Fannie Mae and Freddie Mac as part of the Uniform Mortgage Data Program to provide seller/servicers with common requirements for appraisal and data delivery.Â Â Â
SOURCE: a la mode