With the Uniform Appraisal Dataset (UAD) hitting its stride, Fannie Mae and Freddie Mac have been monitoring its use and working with lenders and appraisers to support the successful adoption of the new appraisal dataset.
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 by clicking here.