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Article: Veros Real Estate Solutions Chosen by Fannie Mae for Appraisal Data Initiative.
- Article from:
- Health & Beauty Close-Up
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Veros Real Estate Solutions, an provider of enterprise risk management and collateral valuation services, said it has been selected by Fannie Mae as the technology provider for Fannie Mae's Collateral Data Delivery (CDD) system.
Beginning March 1, 2010, Fannie Mae will require its lenders to submit full appraisal reports in electronic data format prior to loan delivery. In collaboration with Fannie Mae, Veros will be responsible for building, maintaining and supporting the CDD system, as well as handling direct lender integrations with the CDD system.
"Veros is honored to serve as the technology provider in this significant project to increase appraisal ...