Upon reviewing the logs (vum sever logs), found that Lifecycle Manager can resolve the source URLs, but it is unable to establish a secure SSL connection on port 443.
VMware vCenter Server.
As the environment utilizes a VPN, Lifecycle Manager is attempting to use the VPN certificate to establish a secure connection to the download source at hostupdate.vmware.com. However, it fails to complete the connection because it cannot verify the VPN certificate signer on the vCenter.
Verification:
One of the following can resolve this issue: