Updated Uniform Appraisal Dataset Resources Now Available; Uniform Collateral Data Portal July 1 Update Reminder
June 19, 2012
As the GSEs (Freddie Mac and Fannie Mae) continue to monitor the use of the Uniform Appraisal Dataset (UAD), we are committed to working with you toward your continued success with the appraisal dataset. As previously communicated, we are providing you with a periodic UAD update.
Originate & Underwrite and Sell & Deliver
In support of your continued use of the UAD and successful submissions to the Uniform Collateral Data Portal® (UCDP®), we are providing additional guidance for using the UAD:
- June Uniform Appraisal Dataset Update resource document provides you with updates 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 information on the use of a dash with condominium unit numbers.
Both of these documents, in addition to other UAD business resources, are available on FreddieMac.com.
The GSEs will continue to provide future updates as needed.
Upcoming UCDP Submission Summary Report Update
As a reminder, on July 1, 2012, the UCDP Submission Summary Report (SSR), available through the UCDP Web application and direct integration systems, will be updated for appraisals submitted to Freddie Mac. The SSR will be expanded to include an additional section that provides UCDP edits and UAD compliance messaging. This new section, The Appraisal Findings Detail Report, should not require any additional integration work for integrated lenders or vendor solution providers, nor will users be required to take any additional action to receive this report.
The new Appraisal Findings Detail Report will be available to users as the first page of the SSR. The new section of the SSR will display more information about the UCDP Hard Stops and the UAD Compliance Check messages, previously unavailable on the SSR.
For more information about the UAD and UCDP, including training and resources, visit the:
- UAD Web page
- UCDP Web page
- Freddie Mac Learning Center
- Sample of the Freddie Mac UCDP SSR Appraisal Findings Detail Report.
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.