Uniform Appraisal Dataset Update
April 10, 2012
As you continue to use the Uniform Appraisal Dataset (UAD), the GSEs (Freddie Mac and Fannie Mae) have been monitoring the use of the UAD and working with lenders and appraisers to support the successful adoption of the new appraisal dataset.
Originate & Underwrite and Sell & Deliver
In support of the use of the UAD and successful submissions to the Uniform Collateral Data Portal® (UCDP®), the GSEs are providing this additional guidance for using the UAD:
- New Uniform Appraisal Dataset Update resource document provides you with updates, clarifications, and reminders regarding the UAD and successful submission of the UAD appraisal reports to the UCDP.
- Updated UAD Specification Appendix D, Field-Specific Standardization Requirements includes additional information relating to the selection of Condition and Quality ratings, as well as additional information with respect to each condition rating.
Both of these documents, in addition to other UAD business resources, are available for you and your staff on FreddieMac.com.
The GSEs will provide future updates as needed.
This communication relates to the Uniform Mortgage Data Program®, an effort undertaken jointly by Fannie Mae and Freddie Mac at the direction of their regulator, the Federal Housing Finance Agency.