Uniform Collateral Data Portal and Uniform Appraisal Dataset July 11, 2011—Rockville, MD—Coester Appraisal Group, a nationwide appraisal management company, has announced full compliance with the Uniform Collateral Data Portal as well as the Uniform Appraisal Dataset for mortgage lenders. The UCDP is a portal which mortgage lenders will be required to use to deliver appraisal files to Freddie Mac and Fannie Mae. Coester is in full compliance with the new protocols and will ensure all curre...

By Sara Lepro Mortgage servicing flaws and banks' efforts to correct them garnered much attention last year. Less obvious has been the need for process improvements on the origination side of the business. In 2011, lenders must retool their loan-production engines and strive for greater efficiencies, observers say, in an environment of less volume, more regulation, fewer loan products and tougher competition. The market's changing dynamics will require a more nimble operation, one that is dif...

Raibagi, Anil (Anil Raibagi is general manager and business head at Wipro Gallagher Solutions, which provides loan origination technology and fulfillment services to financial institutions. WGS support paperless environments. The company’s web site at www.gogallagher.com.)  “Paperless" has been the buzzword in the mortgage industry for several years; yet many financial institutions have still not been able to take advantage of the many benefits offered by this growing trend. ...