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New, Updated Resources Available to Help with UAD Transition

In December 2010, Fannie Mae and Freddie Mac (the GSEs) published the full details of the Uniform Appraisal Dataset (UAD). The publication of the UAD, which defines all fields required for an appraisal submission for specific appraisal forms, and standardizes definitions and responses for a key subset of fields, marked a major milestone in the effort to improve the quality and consistency of appraisal data delivered to the GSEs.   Now, the GSEs are focusing their efforts on providing resources to assist lenders and the appraisers they work with to prepare to implement the UAD. To help underwriting and property valuation staff, as well as the appraisers, several new and updated resources are now available on eFannieMae.com/FreddieMac.com.

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