InHouse to Improve Connexion Between Lenders, GSEs

""InHouse, Inc."":http://inhouseusa.com/ will now be, in fact, in house with ""Fannie Mae"":http://www.fanniemae.com/ and ""Freddie Mac,"":http://www.freddiemac.com/ thanks to the company's new platform that will provide direct appraisal integration with the GSEs. InHouse's Uniform Collateral Data Portal (UCDP) will allow lenders and appraisers on the InHouse Connexions service to deliver appraisals to the GSEs, enhancing compliance with updated submission standards that will soon take effect.

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Under the new regulations, which will apply loans originated post-December 1 and delivered on or after March 19, 2012, lenders can submit appraisals to the UCDP via its web presence, or alternately, partner with entities such as InHouse to integrate with UCDP for greater efficiency.

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InHouse will give lenders electronic access to its new platform at no charge, for companies looking to utilize the UCDP program electronically instead of opting to use the web interface.

Additionally, the InHouse Connexions appraiser-management component will provide lenders the ability to work with any appraiser or appraisal management company while maintaining a single system of record for all submissions.

Jennifer Creech, InHouse's president and CEO said of the new platform, ""The possibility of relying on third parties to comply with new submission standards in the most efficient manner has propelled thousands of lenders and appraisal companies to explore other options. Using Connexions, it's easy for lenders to see who is performing optimally, and who is not.""

Other advantages InHouse's new platform will offer? The easy conversion of PDF files into GSE-mandated MISMO XML formatting, as well as validation and tracking of all appraisals.

The California-based company was founded in 2002, and it's estimated that more than 28 banks, lenders, credit unions, and originators utilize the entity's Connexions service.