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Updates to Uniform Mortgage Data Program Implementation Dates and Requirements

December 16, 2010

The Uniform Mortgage Data Program (UMDP) is a joint effort by Freddie Mac and Fannie Mae (the GSEs), at the direction of the Federal Housing Finance Agency (FHFA) to standardize and drive data quality that benefits the entire mortgage industry. Freddie Mac and Fannie Mae understand the magnitude of the change required to achieve this important goal and its impact on a number of industry players. To facilitate its successful adoption, the GSEs have collected extensive feedback from a wide array of customers, lenders, appraisers, and other industry participants. Based on this input, and to position all industry stakeholders for success in implementing the UMDP, today the GSEs are announcing revisions to the effective dates and requirements. The GSEs are also providing new and updated resources to assist lenders and their appraisers in preparing for implementation. These updates provide additional time for the industry to meet the full UMDP requirements. Furthermore, the GSEs will be able to support early adoption of appraisal data standardization, which will benefit all industry stakeholders.

Sell & Deliver

Revised UMDP Implementation Dates

We are more closely aligning the effective dates of the Uniform Loan Delivery Dataset (ULDD), the Uniform Appraisal Dataset (UAD), and the Uniform Collateral Data Portal (UCDP) to provide lenders with greater flexibility for planning and successfully implementing the UMDP. We continue to focus on our system updates to enable lenders to test and/or implement submission of appraisal and loan delivery data under the UMDP requirements ahead of the required implementation dates. A summary of the revised implementation dates follows:

  • September 1, 2011, all appraisers must complete the appropriate appraisal forms as required by the UAD.
  • December 1, 2011, lenders must collect the new ULDD data points required for the first phase of implementation, as well as the UAD standardized appraisal data for new loan applications.
  • March 19, 2012, all conventional loan deliveries to the GSEs must meet the UMDP requirements:
    • For loan deliveries, data must be delivered in the MISMO v.3.0 XML format and, if the loan application date is on or after December 1, 2011, the delivery must include the required ULDD data points.
    • For appraisals, lenders must submit an electronic appraisal report form through the UCDP before delivery if the loan application date is on or after December 1, 2011, and an appraisal report is required.

The revisions to the timeline were the result of industry input to:

  • Use the ULDD MISMO XML-format requirements announced in June 2010, but reduce the number of required data points in the first phase of implementation to the most critical data points necessary for the majority of GSE business needs and to provide additional time for implementation.
  • Provide an ample implementation timeline for all industry participants in the appraisal process that accounts for the timing of the ULDD and enables a successful adoption of the new appraisal data standards.
  • Provide a longer lead time between the UCDP availability and its required use for electronic appraisal delivery to allow lenders time to test their processes for submitting data to the UCDP and ensure submissions meet the UAD requirements.
  • Introduce the use of loan application effective dates for both loan delivery and appraisal data to help lenders manage loan pipelines.

To support this important effort, the GSEs will continue to provide resources and information to assist in lender and industry implementation success.

Uniform Loan Delivery Dataset

  • December 1, 2011: Lenders will be required to collect additional ULDD data for loans with applications dated on or after December 1, 2011. 
  • March 19, 2012: Loans delivered to Freddie Mac on or after March 19, 2012, with applications dated on or after December 1, 2011, must meet the ULDD requirements and be delivered in the MISMO XML ULDD file format.

Loans with applications dated prior to December 1, 2011, that are delivered to Freddie Mac on or after March 19, 2012, must be delivered in the MISMO XML format, but only need to include the data captured on the Freddie Mac Form 11 or 13SF for delivery to Freddie Mac. Both GSEs' current loan delivery data file formats will be retired for submission of Single-Family loans on March 19, 2012.

Uniform Appraisal Dataset and Uniform Collateral Data Portal

  • September 1, 2011: In order to facilitate a smooth transition for appraisers and lender staff reviewing appraisal report forms, the GSEs are implementing a September 1, 2011, effective date for the use of the UAD. For appraisals with effective dates (date of inspection is considered the effective date of the appraisal) on or after September 1, 2011, the following appraisal report forms (UAD appraisal forms) must be completed using the UAD for conventional mortgage loans sold to Freddie Mac:
    • Uniform Residential Appraisal Report (Form 70)
    • Individual Condominium Unit Appraisal Report (Form 465)
    • Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Form 466)
    • Exterior-Only Inspection Residential Appraisal Report (Form 2055)
  • March 19, 2012: Appraisal report forms for all conventional mortgage loans delivered to Freddie Mac on or after March 19, 2012, must be submitted to the UCDP if:
    • The loan application is dated on or after December 1, 2011, and 
    • An appraisal report is required.

The appraisal report must be submitted to the UCDP before the delivery date of the mortgage loan to Freddie Mac and must include all exhibits, addenda, and photographs. Refer to the Single-Family Seller/Servicer Guide (Guide) Bulletin 2010-31 for a list of forms that are required for UCDP submission.

Review the revised UMDP timeline

Revised Scope for Uniform Loan Delivery Dataset

In response to lender concerns regarding the scope of the ULDD requirements outlined in the specifications released in June, the GSEs are reducing the number of data points that will be required in the initial implementation phase of the ULDD dataset. As of March 19, 2012, loans with applications dated on or after December 1, 2011, will need to include:

  • The MISMO data points that map to the GSEs’ combined existing datasets (Form 11 or 13SF), and
  • Approximately 50 additional data points most critical for improved loan quality and investor processing.

The revised scope maintains the content, structure and goals of the ULDD. Data points that are not initially required will be required in a subsequent implementation phase, giving lenders additional time to plan for collecting the data and updating their systems as needed.

New and Updated Resources

To assist lenders in implementing the UMDP, today the GSEs are also:

  • Issuing a revised Freddie Mac Implementation Guide for Loan Delivery Data Appendix D, XML Data Requirements Reference Tool, (and Fannie Mae Implementation Guide for Loan Delivery Data, Fannie Mae Appendix D – Fannie Mae XML Data Reference) to reflect the revised dataset required for loans with applications dated on or after December 1, 2011, and loans delivered on or after March 19, 2012. The revised tool will also include information about the MISMO XML dataset required for each GSE for loans with applications dated prior to December 1, 2011, that are delivered on or after March 19, 2012. All other ULDD and GSE-specific documentation will be updated in the coming weeks.
  • Publishing the UAD Requirements and Standards: To improve the quality and consistency of appraisal data on loans delivered to the GSEs, we have developed the UAD, which includes all fields required for a complete appraisal submission and standardized definitions and responses for a key subset of fields. Requirements for the UAD are detailed in Guide Bulletin 2010-31. Available on, the UAD Specification documents will help you develop your business and technical implementation plans, and include:
    • Business Resources for Lender Underwriting and Property Valuation Staff: The UAD Overview and Field-Specific Standardization Requirements for Lenders are designed to assist those in a lender’s organization who are responsible for reviewing appraisal reports during the underwriting, property valuation, or quality control processes to assess the impact of the UAD requirements on those processes.
    • Technical Resources for Lender/Vendor Technology Development Teams: The UAD Technical Specification and supporting documents will help map the current appraisal forms to the new appraisal dataset. This information will be most relevant to appraisal software/forms vendors, lenders who use appraisal data in their business processes, and other organizations such as appraisal management companies (AMCs) that will work with electronic appraisal form data.

In the coming weeks, we will provide additional information intended to aid appraisers in adopting the UAD.

Get More Information

As you prepare your implementation plans to adopt the UMDP in 2011, please visit for additional information and resources.

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