Veros Pathway Service Quick Check

To Run a Veros Quick Check:

1. First, save the appraisal report as a PDF file on your computer.
2. Next, save the appraisal as an XML file on your computer.

• Lenders are required to use the Uniform Collateral Data Portal (UCDP) to submit electronic appraisal reports for conventional mortgages delivered to Fannie Mae or Freddie Mac. To facilitate the electronic collection of appraisal data, Fannie Mae and Freddie Mac have developed a single portal for the electronic submission of appraisal data files. Appraisals must be in XML format to be submitted through UCDP.

3. On the Order Details page, click the Send Messages or Documents button.

To view the Order Details page for an order, open the Current Orders page, and then click the View Details link for the order.

4. Here you will attach the completed appraisal report (PDF).

• On the Send Messages or Documents page, locate the Attach Appraisal PDF field and click the Browse button.
• Locate and select the appraisal PDF file.

5. Next, attach the appraisal XML file.

• Locate the Attach UAD XML fields, and then select the MISMO file format from the Select Format drop-down list. If you select any other file format, the Run Quick Check button will be disabled and you will not be able to run a Veros Quick Check because Veros only supports the MISMO file format.

• Select the type of appraisal your company conducted from the Select Appraisal Type drop-down list. If the type of appraisal you have conducted is not listed in the drop-down list, select Other Appraisal Type.

If you select Other Appraisal Type, the Run Quick Check button will be disabled and you will not be able to run a Veros Quick Check because Veros only supports the appraisal types listed.

• Next, click the Browse button.

• Locate and select the appraisal XML file.

6. Now you can run the appraisal report through a “Quick Check” powered by the Veros Pathway Service that searches for UCDP (Uniform Collateral Data Portal) Hard Stops and UAD compliance issues.

• Click the Run Quick Check button. The Quick Check takes a few moments to complete.
• When the Quick Check is complete, a confirmation message displays. Click Close to close the message and be returned to the Send Messages or Documents page.
• To review the results of the Quick Check that was just performed, click the blue Quick Check Results link provided in the Quick Check section.
• If the Quick Check did not find any Hard Stops or compliance errors in your appraisal report, a message confirming that no errors were found displays. Click Close to close the message and be returned to the Send Messages or Documents page.
• If the Quick Check did find Hard Stops or compliance errors in your appraisal report, a table listing each hard stop and error is displayed. Click Close to close the table and be returned to the Send Messages or Documents page.
• You can also view the Quick Check results on the Order History page. There you can click a link to view the results of this Quick Check and any other Quick Checks that have been performed for this property. View the View Order History topic for instructions.
• To send the latest Quick Check results along with the appraisal report you are sending to the originator, select the Include the Quick Check Results returned on... check box. The Quick Check results will not be sent unless you select this check box.
• Repeat these steps to run the appraisal report for this property through a new Quick Check. You can run up to three Quick Checks for one property free of charge.

7. If you want to send any additional files or documents to the originator, use the Other Documents and Data section.

You can attach up to three files in this section (one file per field). All files must be in PDF format.

•  Locate the Other PDF Documents fields.
• In the first field, select the type of file or document you are sending from the Select Type drop-down list.
• Click the Browse button.
• Locate and select the PDF file.
• Using the remaining fields, repeat these steps to attach two additional files as needed.

8. Type the Appraised Value for the property.
9. Type the fee you are charging for this appraisal in the Appraisal Fee text box.
10. Type the name of the appraiser who prepared this appraisal in the Appraiser Name field (if needed).
11. Type the appraiser's license number in the License State/Number field. (The State field is populated automatically.)
12. Select the Dodd-Frank Certification check box to certify that this appraisal and the stated appraisal value are accurate and have not been unduly influenced by other parties.
13. Type any Comments you want to send to the originator with the attached files.
14. Click the Send button near the bottom of the page.

• An email is sent to the originator notifying them that they can now import the appraisal report and any other files you sent to them, including the Quick Check results, into their loan file in Encompass. The email provides instructions for retrieving the files/documents in Encompass.
• After clicking the Send button you are returned to the Order Details page. When your files or documents have been sent, a green confirmation message displays at the top of the page.
• Click the View History button to view the files, documents, and Quick Check results that were sent to the originator. The Order History page lists all of the communications between you and the originator, as well as a history of activities related to the order.
• File attachments display with a blue arrow next to the file name. Click the or the file name to view the file or document.
• Quick Check results display with a green arrow next to a Quick Check Results link. Click the or Quick Check Results link to view the Quick Check results.