InHouse to Offer Direct Access to UCDP

""InHouse Inc."":inhouseusa.com/ is working to abbreviate the time it takes lenders and appraisers to deliver the correct documentation to the government-sponsored enterprises. The company recently announced that it now offers users a faster, easier method of integration and compliance with the ""Uniform Collateral Data Portal"":www.freddiemac.com/sell/.../uniform_collateral_data_portal.html.

[IMAGE]

Providing technology services for banks, lenders, credit unions, and other mortgage originators, InHouse will help the companies it works with adapt to the UCDP in a matter of weeks. Additionally, InHouse stated that it will not require lengthy contracts in order to facilitate integration with the UCDP, unlike some of the company's competitors.

Speaking out on the system updates, InHouse's president and CEO, Jennifer Creech, said, ""InHouse is helping lenders connect and deliver appraisals electronically to the portal in record time. We can help lenders and AMCs integrate to UCDP in about half the time it would take them to do a manual interface with the GSE website, or in two to three weeks.""

Through its ""Connexions"":inhouseusa.com/inhouse_connexions.html technology, InHouse will convert first-generation documents into UCDP-appropriate formats, and the module will also continue to provide validation and tracking for the status of all appraisals. InHouse now ranks among only 13 companies able to I've direct access to the UCDP, as opposed to providing a traditional path of access via the GSE's web-based interface.

InHouse promises that those utilizing its platform will save labor and money, since indirect methods of appraisal delivery are more time consuming. InHouse will charge those choosing to use the module a one-time integration fee of $5,000, along with a per transaction fee of $2.00.

Continuing her commentary on InHouse's UCDP offerings, Creech added, ""The integration time is reduced to two to three weeks, and it's very cost-effective for the lender or AMC compared to packages offered by competitors. There's no need to code to the complicated UCDP specs. Lenders and AMCs only need to send a MISMO file through, and InHouse takes care of the rest.""