Skip to Page Content | Skip to Site Navigation | Skip to Section Navigation

Additional Information on Uniform Appraisal Dataset Requirements

October 18, 2011

With the required use of the Uniform Appraisal Dataset (UAD) now in effect, the GSEs (Freddie Mac and Fannie Mae) have heard feedback from lenders asking for additional guidance regarding our UAD requirements. Based on this feedback, the GSEs plan to provide further details regarding their UAD compliance requirements in the near future.

In advance of an upcoming Freddie Mac Single-Family Seller/Servicer Guide Bulletin, today we are providing the following update:

  • An appraisal report is considered UAD-compliant if it is completed using the UAD in accordance with Appendix D, UAD Field-Specific Standardization Requirements of the UAD Specification.
  • Appendix D provides field-specific standardization requirements for completing the residential appraisal report forms that are required to be completed using the UAD. It lists the requirements for the data that must be included.

In addition, the appraisal report must be completed on the correct form (identified by "UAD Version 9/2011" in the footer of the form).

Lenders continue to be responsible for ensuring the overall quality and accuracy of the appraisal report as they are today. Reviewing the appraisal report for UAD compliance is one part of a holistic business process that ensures the appraisal report is underwritten appropriately.

Update to UCDP Submission Requirements

We will also be updating our requirements with respect to submissions of appraisal reports to the UCDP for all conventional mortgages delivered to Freddie Mac on or after March 19, 2012, with loan applications dated on or after December 1, 2011. For appraisal report forms required to be submitted to the UCDP, lenders must receive a “Successful” status before the delivery date of the mortgage to Freddie Mac.

For More Information

This communication relates to the Uniform Mortgage Data Program®, an effort undertaken jointly by Freddie Mac and Fannie Mae at the direction of their regulator, the Federal Housing Finance Agency.

Back to Top