New UCDP Features Added in Appraisal Firewall

New Features Added in Anticipation of Appraisal Firewall Direct UCDP Submissions

Appraisal Firewall has recently been updated with a new UCDP Pre-Submission Review feature to help support direct UCDP submission functionality (coming soon).

New UCDP Pre-Submission Review Feature Improves UCDP Appraisal Quality

Your time is valuable and shouldn't be wasted by having to submit an appraisal to UCDP multiple times due to simple appraiser errors. So, we have developed our UCDP Pre-submission Review feature designed to catch common mistakes that would cause the UCDP to reject the appraisal, resulting in time-costly UCDP resubmission. The UCDP Pre-Submission Review feature:

is available at no cost to you and
will run automatically whenever an appraiser uploads a completed appraisal formatted in XML

How this feature works:

Whenever an appraiser uploads an XML appraisal report, the file will automatically be reviewed by the UCDP Pre-Submission Review tool (Note - the Pre-submission Review will not run on PDF-formatted appraisals. Only XML-formatted appraisals).

The review analyzes 5 main appraisal points including:

A valid appraisal amount
The inclusion of the appraiser's license
The inclusion of the appraiser's signature
Property address
Checks for an appraisal amount greater than $5,000

If any errors are identified, they will appear in the Communications Log next to the XML Validation entry shortly after the report is uploaded. The XML Validation data will be available to all lender users (including Managed Users) and the appraiser that worked on the file.

The Pre-Submission Review feature is available in advance of our Direct UCDP Submission features, which are currently in a testing phase. We will let you know with plenty of fanfare when they are ready for your transactions.

Additional changes for UCDP delivery: There is now a checkbox on the Communications tab to track UCDP activities, and the Communicate drop down menu has a 'Send to UCDP' option. Although these features are not fully available yet, having hints of them gives you a little heads-up that they're coming.

Having Trouble Getting Registered with UCDP? We can Help.

You may find getting registered with UCDP to be a time consuming and even confusing process. We have created a resource that will help you through the process of registering. Click here to view the How To Get Started with UCDP Guide. Although submitting directly to UCDP will not be fully functional until our UCDP integration is complete, we are preparing by adding tools and training resources that will help you when it does become available.

As always, we appreciate your business! Please contact your account executive with any questions.

800.264.8806

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