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Coester Appraisal Group (AMC) Announces Compliance with Uniform Collateral Data Portal (UCDP)(July 13, 2011)
Rockville, MD (PRWEB) July 13, 2011
Coester Appraisal Group, a nationwide appraisal management company, has announced full compliance with the Uniform Collateral Data Portal as well as the Uniform Appraisal Dataset for mortgage lenders. The UCDP is a portal which mortgage lenders will be required to use to deliver appraisal files to Freddie Mac and Fannie Mae. Coester is in full compliance with the new protocols and will ensure all current and new clients are up to speed on both delivery of the file and training for underwriters as reviewing the new appraisal forms.
Coester is equipped to handle the conversion and delivery of the files free of charge to its clients and will not charge for implementation, set-up and training for the handling and delivery of the files. Customers will enjoy the benefits of the delivery but also a GSE hard stop automated review which will review all the files for compliance with the dataset requirements.
Alot has changed in the appraisal industry over the past few years and this is just another thing that us as an AMC will be ready to handle for our client, we are well equipped and ready to go, said Brian Coester, CEO of Coester Appraisal Group. The general feedback Im getting from lenders is that theyre either confused or overwhelmed by the mass quantity of detail and information needed to be compliance with the process. With the increasing amount of pressure being put on lenders these days, theyre hungry for answers and explanations. We are not only going to help them with the delivery of the file but also train there underwriters on how to read the new appraisal forms and properly look at the appraisal.
Coester Appraisal Group will also be holding a webinar on the new process and provide some information which the link can be found below. Coester which is known for its training and innovative practice is excited about the new process and what it means for consistently in the mortgage lending community. The standardization of data is something that needed to happen and we are glad we could be a part of helping our clients understand the new requirements as well as educate them on new appraisal forms and delivery processes
For more information on Coester Appraisal Groups educational seminars, including how to register for an event, please visit http://www.CoesterAppraisals.com or email sales(at)coesterappraisals(dot)com.
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About Coester Appraisal Group:
Coester Appraisal Group is a nationwide appraisal management company specializing in high quality appraisal reports that comply with all industry guidelines and regulations. The company is headquartered in Rockville, Maryland and was founded in 1970 as a local appraisal company. The company has since grown to a formidable force in the appraisal management segment. For more information please visit Coester Appraisal Group online at http://www.CoesterAppraisals.com..
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