Veros Real Estate Solutions has integrated its VeroSelect and Valuation Risk Management products with a la mode's Mercury Network appraiser vendor management platform, enabling observance of government-sponsored enterprise secondary market loan quality initiatives.
The combination allows for compliance with the Federal Housing Finance Agency's Uniform Collateral Data Portal, including delivery of the completed appraisal report in the MISMO 2.6 format and electronic appraisal submission.
The plug-in between the two companies allows users to connect to the appraiser's desktop software as well as place orders directly to appraisal management companies using Mercury Network. It also allows reports to be delivered to the Veros systems using MISMO XML, which in turn will allow report data to flow directly to the UCDP.
Business and workflow rules are executed on the appraiser's desktop from within Mercury Network, allowing for preprocessing of the appraisal report before it is delivered to the Veros system.
