Since the implementation of the Uniform Appraisal Dataset (UAD) in September 2011, Fannie Mae and Freddie Mac (the GSEs) have been monitoring the use of the UAD and working with lenders and appraisers to support the successful adoption of the new appraisal dataset.
To continue to aid lender staff and appraisers working with the UAD, and support the successful submission of the UAD appraisal report in the Uniform Collateral Data Portal® (UCDP®), today we are providing updates, clarifications, and reminders regarding the UAD.
The GSEs will provide future updates as needed. 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.