UCDP Technology
Valuation Technology Solutions for Growth Focused Technology Innovators
& Settlement Service Providers
Work with the company behind the technology.
UCDP Technology
Valuation Technology Solutions for Growth Focused Technology Innovators & Settlement Service Providers
Work with the company behind the technology.
Connecting to the Uniform Collateral Data Portal
Veros is proud to have been selected as the technology provider for the Uniform Collateral Data Portal® (UCDP®), a joint effort between Fannie Mae™ and Freddie Mac™. Veros is responsible for building, maintaining and supporting the UCDP system as well as managing all lender connectivity to UCDP.
The Regulatory Impact of UCDP
UCDP is a single joint portal for the electronic submission of appraisal data files to Freddie Mac and Fannie Mae (GSEs). It facilitates the electronic collection of appraisal report data prior to loan delivery for conventional mortgages delivered to the GSEs.
UCDP is part of a larger initiative known as the Uniform Mortgage Data ProgramSM (UMDPSM) and is a joint program created under the direction of the GSEs’ regulator, the Federal Housing Finance Agency (FHFA) to provide common requirements for appraisal and loan delivery data. In addition to UCDP, the UMDP includes two related programs:
- Uniform Appraisal Dataset (UAD): Standardizes key appraisal data elements and enhances data quality it also introduces quality and condition responses with prescribed definitions.
- Uniform Loan Delivery Dataset (ULDD): Leverages the industry-recognized MISMO Version 3.0 standard.
*Please refer to Fannie Mae and Freddie Mac for specific deadlines and requirements.
Use Veros to Connect
Veros provides interface and data delivery access to UCDP through a variety of solutions. These solutions are designed to accommodate multiple client types from direct and correspondent lenders to AMCs and technology companies, each with a unique range of loan delivery volume and integration requirements.
Entities delivering small and mid-sized volumes should consider utilizing PATHWAYÂ for seamless integration points with minimal technology integration. Organizations looking for a comprehensive yet scalable approach to automate the order, routing, review and data delivery management should consider Sapphire’s varied platform editions and flexible modules including the UCDP Suite. Sapphire’s UCDP Suite includes:
- UAD/UCDP Preview
- UCDP Hard Stop Override
- UCDP Submission
- PDF Conversion
