Appraisal Company Implements Global DMS Tech

Lansdale, Pa.-based Global DMS reports that Nationwide Property & Appraisal Services has integrated its Global Kinex appraisal review and delivery technology as the foundation of its proprietary compliance software for the Uniform Collateral Data Portal (UCDP) program.

Starting March 19, 2012, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will require that appraisal reports for any loan originated on or after Dec. 1, 2011, be submitted through their UCDP.

Nationwide Property & Appraisal Services began using Global Kinex as its UCDP appraisal review and delivery solution last month. According to Global DMS, the technology extracts and converts data from a PDF-formatted appraisal, converts the data into a GSE-approved format, reviews appraisal data for errors, inaccuracies or other violations, provides a score based on the review findings and submits appraisal reports to the UCDP.

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