Appraisal software provider Bradford Technologies, software company Schakra and real estate finance tech provider Nasoft * partnered to build a submission service for the new Uniform Collateral Data Portal that is powered by Windows Azure. [* Nasoft has formerly partnered with Zaio 11/2009]
New requirements from Fannie Mae and Freddie Mac took effect Sept. 1 requiring appraisers to submit electronic property data through the UCDP.
The software from these three companies can merge with existing systems for lenders and appraisal management companies. By synching it up with Windows Azure, the banks and AMCs can then build out, using the cloud-computing software in a Microsoft datacenter.