You can submit appraisals directly to the GSEs' Uniform Collateral Data
Portal (UCDP) from Mercury Network. In order to do so, you must first set up your connection to the UCDP. Also,
unless you are the Mercury Network admin, you must have permissions to submit to
UCDP. If you don't have the necessary
privileges, you won't see the option to submit to UCDP.
Here's how to submit an appraisal to UCDP:
- Log into Mercury Network.
- In the Orders view, double-click any completed appraisal
to view the order details.
- On the toolbar, click Set Status, and choose
Submit to UCDP.
- In the dialog that appears, you'll need to choose how you'll be submitting
to UCDP:
- Use the Select GSE drop-down to select the GSE(s) to
which you intend to submit the appraisal.
- Use the Business Unit drop-down to choose the Business
Unit name with which you intend to submit the appraisal. When you choose a
Business Unit, the associated Seller/Servicer Number(s) or Third Party
Originator Number(s) will be displayed below so you can confirm that the
correct Business Unit was selected.
- Enter the loan number in the Loan # field. If the loan
number is already in the order details, it will be populated for you.
- If you've entered an Aggregator ID in your Automatic UCDP settings, it will appear
here and submission results will be shared. You may also change or remove
the Aggregator ID on a per-order basis.
- In the Internal Notes field, enter any comments you'd
like for your own purposes. These will only be visible within your Mercury
Network account; they won't be delivered to the UCDP.
- Click Send to submit the appraisal to UCDP.
Now, you'll return to the Order Grid, where you'll immediately see one or
more events regarding the status of your submission. Click here to find out more about monitoring
your submission status.
Related Topics:
Monitor Submission
Status
Request UCDP Revisions and
Overrides
Resubmit Revised Reports
Submit Mulitple
Appraisals
Edit or Enter a Doc File
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