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freddie mac: New tool in appraising may effect your real estate sale
- 02/02/15 09:07 PM
Fannie and Freddie data collection
Under direction of FHFA, Freddie Mac and Freddie Mac (the GSEs) have developed the Uniform Mortgage Data Program (UMDP) to enhance the accuracy and quality of loan data delivered to each GSE. The Uniform Appraisal Dataset (UAD) is a key component of the UMDP which defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields.
For conventional loans delivered to the GSEs on or after March 19, 2012 GSEs required appraisals to be completed using the field-specific standardization requirements. Appraisal software forms providers incorporated … (0 comments)
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Fannie and Freddie data collection
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