It’s no secret that compliance is critical when designing and integrating appraisal management processes or valuation solutions. PEMCO Limited takes great care in providing the necessary compliance technology integrations. In addition, we combine technology with manual reviews. As a result, our clients rest assured they are adhering to legislative guidelines.
PEMCO Limited represents a positive, non-influence environment for appraisers to thrive and deliver maximum performance that follow Appraiser Independence Requirements (AIR). Due to this, qualified appraisers should be guided to our registration link to be considered for our appraiser panel.
FHA Electronic Appraisal Delivery portal
The FHA joins Fannie Mae and Freddie Mac in providing technology for appraisal submission, review and purchasing. As a result, The U.S. Department of Housing and Urban Development (HUD) announced the news with Mortgage Letter 2015-08 which gives an overview of the FHA’s new Electronic Appraisal Delivery (EAD) FHA loan portal. Mortgagees, their authorized users, and designated third party service providers will be able to electronically deliver all FHA origination appraisal reports before endorsement through the EAD portal. All case numbers assigned on or after June 27, 2016, requires electronic appraisal delivery through the EAD portal.
Fannie Mae Uniform Collateral Data Portal® (UCDP®)
By Fannie Mae’s definition, the Uniform Collateral Data Portal® (UCDP®) is a single portal through which lenders electronically submit appraisal reports for conventional mortgages delivered to Fannie Mae or Freddie Mac. Through UCDP, lenders can upload appraisal data and view edits and submission details.
Because of these compliance requirements, PEMCO Valuations includes an array of integration capabilities including Fannie Mae Collateral Underwriter ™ (CU™) report review to address compliance and regulation needs, UCDP® Submission Summary Reports and EAD (Electronic Appraisal Delivery) submission and warning review. Learn more about our technology integrations then give us a call at 1.916.678.6800 or email and let us work with you to create processes that are compliant and efficient.
In order to help you keep up with compliance hot topics, we’ve provided the below downloads for your convenience.