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UAD update: The realities of transitioning appraisal data formats
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With the new Uniform Appraisal Dataset becoming the standard for the government-sponsored enterprises’ (GSE) digital submission portal, service providers and lenders are forced to pack away PDF’s belongings and make room for XML format. While some service providers and lenders may have a hard time saying goodbye to their beloved PDF format, the break up brings new opportunities to both the lending and appraisal industries.
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