Oklahoma City, OK —Today, a la mode kicks off a summer schedule of lender and appraisal management company web-based training courses in preparation for the GSEs’ Uniform Mortgage Data Program (UMDP). The training courses are open to anyone in the industry, and the full schedule and course descriptions can be found at www.MercuryVMP.com/Training.
UMDP was created jointly by the GSEs at the direction of the Federal Housing Finance Agency. It standardizes common requirements for appraisal and loan data across the entire transaction. As part of the program, all appraisals for all conventional mortgage loans originated on or after December 1st, 2011, must be UAD-compliant and submitted via the GSEs’ new platform. Last month, a la mode’s Mercury Network was named a platform for GSE submission.
a la mode is the provider of the most popular appraisal formfilling software, used by over half the nation’s appraisers. The appraisal software is UAD-ready now, and a full 22-city appraiser training program was launched last week to prepare appraisers for the coming changes. The lender and appraisal management company track is part of a la mode’s overall UMDP training initiative. As the industry prepares to migrate to the new standards, underwriters, reviewers, and appraisal operations desks can participate in these web-based courses so they’re prepared to handle the coming changes without encountering extra fees or appraisal pipeline delays.
“These new requirements will dramatically affect appraisal management and operations”, said Jennifer Miller, EVP of products for a la mode’s Mortgage Solutions Division. “If appraisal managers and underwriters are not prepared for the changes, they can count on problems as the deadlines approach. These courses will give them the materials and knowledge they need to avoid chaos within their own organizations as these changes take effect.”
For more information on the training courses, visit www.MercuryVMP.com/Training.
About a la mode
Founded in 1985, a la mode develops desktop, mobile, and Web tools for the real estate and mortgage industries. a la mode’s mission-critical products are used by hundreds of thousands of appraisers, agents, inspectors, and lending professionals to complete the nation’s real estate transactions. a la mode’s state-of-the-art offices are located in Salt Lake City, Oklahoma City, and Washington, DC. For more information, visit www.alamode.com or call 1-800-ALAMODE.
a la mode
(405) 359-6587 x 339