Bradford Technologies, a provider of appraisal technology solutions, has completed an integration with FHA’s Electronic Appraisal Delivery (EAD) portal and the implementation of new appraisal-sharing enhancements for UCDP. Bradford Technologies’ clients using PortalDirect can now submit appraisals from a single platform to either EAD or UCDP in addition to allowing correspondent lenders to easily share appraisal information with their aggregators within UCDP.
“By consolidating the EAD and UCDP portal access into one unified platform, our clients will realize a significant reduction in integration and on-going maintenance costs plus higher reliability and stronger performance when submitting appraisals” said Jeff Bradford, CEO of Bradford Technologies.
Bradford Technologies is one of the first companies to complete the EAD integration and the first to implement the new appraisal-sharing feature in UCDP. FHA has stated it will require appraisals to be submitted through EAD portal starting June 27, 2016. The appraisal-sharing feature in UCDP takes effect February 7, 2016.
PortalDirect allows its users to take advantage of the new appraisal-sharing functionality. To make use of this feature, aggregators must set up their “Aggregator profile” within the UCDP web portal. For a DI solution, lender administrators at aggregator companies should ensure their UCDP web login credentials are active in advance of the February 7th release to perform the required set up.
PortalDirect has been completely redesigned from the ground up with the latest technology and this new platform offers unequaled simplicity of integration. As a result, Bradford Technologies has waived all traditional integration and support fees.
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at email@example.com.