Overview
Access the Investor Submission workspace in Mercury Network® to gain real-time appraisal submission insights to UCDP. When an appraisal submission to UCDP results in a fatal warning, the order moves to Exception – Investor Submission status, and the Investor Submission workspace displays the fatal findings. Request appraisal revisions directly from this workspace to streamline corrections and improve efficiency. These plans apply to UAD 3.6 products.
How to Search for an Order Ready for UCDP Submission
Use the Summary to view Investor Submission details, including sub-status, Fannie Mae and Freddie Mac results, and risk scores. Access the full UCDP SSR report via View SSR, with copies available in the Files tab. To track submission-related actions, open the History Log, which shows only activities from the Investor Submission stage.
Search for an order within the UCDP Order Folders.
Select the Order to open it.
Scroll to the bottom of the Order to view the Investor Submission section.
The Investor Submission section displays the UCDP submission status and details for all orders related to the loan. Click the Summary dropdown to expand the details for each order.
Completion Reports and Restricted Update Reports will be indented slightly and listed underneath the appraisal they belong to.
View the Investor Submission sub-status and review Fannie Mae and Freddie Mac individual results and Risk Scores.
Investor Sub-status Definitions
Status
Definition
Not Started
A valid product has not yet been delivered or uploaded.
In Progress
Investor Submission in progress.
Successful
Investor submission was successful, there are no fatal warnings.
Rejected
Investor submission was rejected due to an Investor Submission validation error.
Not Successful
Investor Submission reported one or more fatal findings.
Revision Needed
The service provider has been alerted that a revision is needed. This could be an automated revision request or a revision requested by a user.
Ready for Submission
Waiting for a user to manually submit to the investor via Submit button.
Not Applicable
Product is not configured to submit to this investor on this order.
Submission Error
Cotality experienced a system error. We are working on it and will have the issue resolved shortly.
Click View SSR to view a PDF of the UCDP SSR. The SSR report displays all the UCDP submission results from Fannie Mae or Freddie Mac. A copy of both SSR reports is accessible via the Files tab.
Click History Log to view all the past activity related to the Investor Submission for that loan/folder. The History Log displays only actions related to the Investor Submission stage of the lifecycle. It does not include all order activities shown in the order’s primary history log.
How to Submit the UCDP Submission
When a UAD 3.6 appraisal is received and automated rule verifications are completed, the order status updates to Ready for Investor Submission. For Automated Submission clients, the appraisal is automatically sent to UCDP based on the customer’s UCDP configurations.
For manual submission clients, orders remain in Ready for Investor Submission until processed.
Once you’ve searched for and located an order, double-click to Open.
Click the Investor Submission Summary dropdown to expand the details.
Note: Click View Appraisal Report to view the PDF report Download Appraisal Zip to view the entire file.
Click Submit. If UCDP submission is unsuccessful or encounters a fatal warning, you can review the Investor Submission workspace to view details and resolve the issue. If UCDP submission is successful for all applicable investors, the order will move forward to Review in Progress, Pending Release, or Closed status, depending on the customer’s workflow configurations.
How to Bypass Investor Submission
Use Bypass Investor Submission to stop further submissions to UCDP and move an order forward for review, even when fatal findings remain unresolved. This option is available only at specific stages of the order lifecycle and to users with the required permissions
Bypass Investor Submission:
Stops additional investor submissions and moves the order forward for review despite unresolved fatal findings.
Is available only at specific stages of the order lifecycle.
Requires the user to have the appropriate permissions.
May be unavailable or disabled based on the order’s current status or the user’s permissions.
How to Request a UCDP Revision
If a UCDP submission encounters a fatal warning, the system attempts to determine whether the UCDP fatal warning requires an appraisal revision. If it does, Mercury Network® automatically requests a revision from the service provider. The order status and the Investor Submission sub-status badge are updated to Revision Needed. Fatal warnings will be displayed in the Fannie Mae and/or Freddie Mac sections, and in the history log. If Mercury Network® does not initiate a revision, you can manually request one after reviewing the warnings.
If an appraisal revision is not required, correct the issue and click Submit to resubmit the appraisal to UCDP.
If you need to manually request a revision from the Service Provider, click Request Revision.
On the Request Revision page, the message will by default include all the fatal warnings. You can edit those warnings and/or include a custom message to the Service Provider.
Click Send Message. The order status and the Investor Submission sub-status will change to Revision Needed, and the service provider will receive the revision request.
Note: The History Log will display the requested revision including any custom notes to the Service Provider. It will also include the user who sent the request, along with a date and time stamp.
Outcome
You can now navigate the Investor Submission workspace to monitor UCDP submission statuses for all related orders conveniently in one place, identify errors and fatal warnings, and request appraisal revisions all from one place—streamlining corrections and improving operational efficiency within Mercury Network®.