Veros Announces VeroDATAFI Streamlined UCD Solution

Veros Real Estate Solutions has announced VeroDATAFI, a government-sponsored enterprise (GSE)-certified platform to provide the mortgage industry a seamless Uniform Closing Dataset (UCD) solution to meet the Sept. 25th mandate by the GSEs.

 

“We are pleased to announce our new VeroDATAFI for lenders to be able to comply with the new UCD requirements and address the system and process challenges that Sept. 25th will bring,” said Charles Rumfola, Senior Vice President Strategic Initiatives at Veros. “Veros played an integral part in successfully implementing the Uniform Collateral Data Portal (UCDP) for the GSEs, and we are looking to build on that success for UCD.”

 

VeroDATAFI will deliver the market a flexible means to comply with UCD and the pending deadline.

 

“VeroDATAFI is certified by both Fannie Mae and Freddie Mac for the UCD XML file delivery, which enables lenders to start immediately delivering the UCD XML file to the GSEs,” said Rumfola. “We are excited to continue to work with both our lender customers and the GSEs to expand upon our proven systems to continue to serve the mortgage industry’s compliance needs.”

 

VeroDATAFI simplifies the predelivery UCD validation checks, and delivers alerts for potential issues. VeroDATAFI can accept UCD XML data, including the pre-embedded PDF, from any third parties and ensure secure delivery directly to the GSEs. In addition, VeroDATAFI gives lenders flexibility with two options for UCD-compliant delivery. The VeroDATAFI Web portal provides users the ability to upload the XML file on demand and instantly deliver it to one or both GSEs. And, for a seamless connection to the GSEs, the direct API integration with PATHWAY automates high volume delivery that’s fast, reliable, and secured. The API solution seamlessly integrates into the lender’s current infrastructure.

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