Technology provider ISGN Corp. plans to bring to market a new plug-in interface for the electronic delivery of Uniform Appraisal Dataset (UAD)-compliant appraisals.
The plug-in, scheduled to be released early next month, gives lenders using ISGN's MORvision loan origination system an integrated interface to the government-sponsored enterprises' (GSEs) Uniform Collateral Data Portal (UCDP). The portal will be mandatory for all GSE appraisals beginning March 12, 2012. UAD appraisal guidelines went into effect Sept. 1.
According to ISGN, the new plug-in provides MORvision customers three options for ordering and delivering appraisals, ISGN says. Users can order a UAD-compliant appraisal from ISGN's appraisal management company and have it automatically delivered to UCDP; they can order an appraisal from their appraiser panel, which is managed by ISGN systems and staff; or lenders can use the plug-in to deliver appraisals from their own appraisers.