2 For additional details on
UCDP and the Fannie Mae proprietary appraisal-messaging and policies visit:
UCDPUCDP also facilitated communication between lenders and the GSEs, thus allowing lenders (and their valuation vendors) to correct or adjust troublesome data issues.
UCDP requires that one actor in a conflict be a state entity, while Ploughshares and HIIK allow for conflicts between non-state actors with political ends.
24
UCDP Release Notes (https://www.fanniemae.com/content/release_notes/ucdp-release-notes-11092013.pdf) let us know it's coming faster than most expected.
The GSEs announced that
UCDP will be live on June 27, 2011.
According to
UCDP, this project began more than 3 years ago when University Libraries spent $30,000 to restore three rare books.
Veros is the technology provider for
UCDP and is responsible for building, maintaining and supporting the system.
They will not need to take the additional step of uploading the appraisal report themselves to the
UCDP, as MIS has the ability to deliver it to both the client and the GSEs.
The platform will provide lenders with a link to the
UCDP portal.
"Our success with integrating to the
UCDP is due solely to our working with InHouse," Nancy Crocetto, senior vice president of operations with Weichert Financial Services, said in October.
Many large lenders have built direct connections to the
UCDP that are integrated with their own internal systems.
BlitzDocs users will avoid any portal fees, as submission to the
UCDP through Mercury Network is free via a direct connection to the
UCDP.
