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CoesterVMS has announced that it is integrating with Veros Real Estate Solutions to provide CoesterVMS customers with enhanced Uniform Collateral Data Portal (UCDP) responses, which will result in faster review times. CoesterVMS users will also have access to the FHA’s new Electronic Appraisal Delivery (EAD) portal, which will be required for all FHA-approved mortgagees on or after June 27, 2016. Providing this access early allows lenders to be compliant ahead of the required deadline.
“Working with Veros allows us to provide our customers with the latest access to valuation technology so they can better serve their customers and remain compliant,” said Brian Coester, CEO of CoesterVMS. “We welcome the opportunity to partner with such a dominant provider in the valuations arena.”
“Veros is pleased to welcome CoesterVMS to the family of technology providers using our proprietary PATHWAY system-to-system connection to help their customers deliver electronic appraisal data to Freddie Mac, Fannie Mae, FHA and other mortgage stakeholders in the loan lifecycle,” said David Rasmussen, senior vice president of operations for Veros. “By providing strong portal delivery services, we are working together to enhance mortgage efficiency and loan value quality.”