Vueterix Announces Clear Vue

FOR IMMEDIATE RELEASE
South Jordan, UT

Vueterix Unveils Comprehensive Solutions to Address Latest Freddie Mac, Fannie Mae, and HUD Regulatory Requirements

Vueterix, a leader in innovative mortgage solutions, proudly announces the launch of two groundbreaking products designed to help lenders comply with the latest regulatory requirements set forth in the Freddie Mac Bulletin 2024-6, Fannie Mae Selling Guide Announcement (SEL-2024-03), and HUD Mortgagee Letter 2024-07.

These new regulations mandate that all policies must be in place no later than August 29, 2024. Vueterix’s solutions are designed to ensure compliance with these critical updates while streamlining the process for lenders and borrowers alike.

Key Requirements Addressed

  • Polices must be implemented by August 29, 2024.
  • The process can be initiated by either the borrower or underwriter.
  • The policy/process must be comprehensive, including disclosure instructions to the borrower for initiating the Reconsideration of Value (ROV) process.
  • Standardized polices defining how requests will be submitted to the appraiser.
  • Borrowers must receive disclosures at the loan application stage and upon delivery of the appraisal report.
  • All valuation-related staff, including third parties, must be trained to identifier prohibited discriminatory practices and deficiencies.

Vueterix Solutions

Clear Vue

  • A plug-and play solution that assists valuation staff in identifiying prohibited discriminatory practices and deficiencies.
  • Utilizes an API to identify any words or phrases within the appraisal report that violate Fair Housing regulations.
  • Potential issues are flagged through a proprietary combination of artificial intelligence (AI) and programming, highlighting areas that need review and addressing by the valuation staff.

Full Vue

  • A comprehensive plug-and-play solution where the Vueterix system manages the entire ROV process to ensure transparency and consistency while documenting the entire process for the lender.
  • Provides a framework that allows loan officers to maintain hands-on control while ensuring compliance and thorough documentation.
  • Optionally, Vueterix offers the support of its experienced team to manage the process if a third-party approach is preferred.

About Vueterix

Vueterix is dedicated to providing cutting-edge solutions for the mortgage industry. Our innovative products are designed to streamline processes, ensure compliance, and enhance the overall lending experience. With a commitment to excellence and customer satisfaction, Vueterix continues to lead the way in mortgage technology.

For more information on how Vueterix can help you comply with the latest regulatory requirements, please visit our website or contact our sales team.

Contact: Ryan Sedgwick

Vueterix Marketing Department
Email: marketing@vueterix.com
Phone: (385) 257-3340
https://vueterix.com/

Vueterix and the Vueterix logo are trademarks of Vueterix and Post Close Services, LLC. All other trademarks mentioned herein are the property of their respective owners.

SOURCE Vueterix

Filed Under:
Vueterix Clear Vue