ValuTrac Software named as a Fannie Mae UCDP solution provider. ValuTrac Software will offer a technology solution that enables the submission of electronic appraisal data directly to the Uniform Collateral Data Portal (UCDP). This technology allows Appraisal Management Companies (AMC) and lenders to streamline their appraisal submission process to the UCDP.
All existing and future ValuTrac customers will have the ability to complete direct delivery to the UCDP portal from within their ValuTrac platform. The direct delivery method is a seamless integration to the UCDP portal, and all appraisals successfully uploaded to the UCDP will receive a Submission Summary Report (SSR) summarizing the appraisal submission details and the status of the submission, as well as a Document Identifier (Doc File ID), which is the unique appraisal identifier generated by the UCDP. Loans delivered to either GSE must have an appraisal with a "Successful" status in the UCDP prior to loan delivery. All appraisals delivered to the UCDP will go through a series of UAD compliance checks. Initially, the UAD Compliance Check will result in warning messages only, beginning December 1st, 2011 the UCDP will enforce the requirement that an appraisal must be submitted on a UAD form (one of the four UAD-supported forms).
For additional information on the UMDP and UCDP please visit the ValuTrac UCDP Resource Page.
If you have questions regarding the UCDP or our direct delivery method, please contact Clint Cornett at 972.996.3206.
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