Sunday, May 22, 2011

Uniform Appraisal Dataset - Freddie Mac

UAD Training from Freddie Mac

Uniform Appraisal Dataset - Freddie Mac: "Uniform Appraisal Dataset
Updated on April 12, 2011

'Get Ready for UAD and UCDP' Webinar
This 90-minute, interactive webinar reviews the scope of Uniform Appraisal Dataset and Uniform Collateral Data Portal and will prepare you in implementation planning. This is a great opportunity to interact with our experts and get answers to your questions. Sessions are scheduled through June 16.

Register todayAs part of the Uniform Mortgage Data ProgramSM, (UMDPSM) Freddie Mac and Fannie Mae have worked together at the direction of their regulator, the Federal Housing Finance Agency, to develop the Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data PortalSM (UCDPSM) in an effort to enhance appraisal data quality and consistency and promote the collection of electronic appraisal data.

The UAD defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields.
For appraisals with an effective date (date of inspection is the effective date of the appraisal) on or after September 1, 2011, the appraisal report forms below must be completed in compliance with the UAD for conventional mortgage loans sold to Freddie Mac. These forms are collectively referred to as the 'four UAD forms.'

  • Uniform Residential Appraisal Report (Freddie Mac Form 70)
  • Individual Condominium Unit Appraisal Report (Freddie Mac Form 465)
  • Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Freddie Mac Form 466)
  • Exterior-Only Inspection Residential Appraisal Report (Freddie Mac Form 2055)"