As part of the Uniform Mortgage Data Program®, (UMDP®) 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 Portal (UCDP) 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."
The Uniform Collateral Data Portal® (UCDP®) is a single portal for the electronic submission of appraisal data files to Freddie Mac and Fannie Mae and facilitates the electronic collection of appraisal report data. Appraisal report forms for all conventional mortgages delivered to Freddie Mac on or after March 19, 2012, must be submitted to the UCDP if:
The following appraisal report forms for all conventional appraisal reports are required to be submitted to the UCDP:
*Indicates UAD forms
The appraisal report must be submitted to the UCDP before the delivery date of the mortgage to Fannie Mae or Freddie Mac and must include all exhibits, addenda, and photographs.
The UCDP is available for submitting appraisal data files. To facilitate a smooth transition to the electronic submission of appraisal data files, lenders are encouraged to register and set up their new business processes to support appraisal data delivery well before the required date.
The following resources are available to help lenders and designated agents incorporate the UCDP requirements into their business processes:
To support questions related to registration and submitting appraisals to UCDP, Freddie Mac and Fannie Mae have developed a joint UCDP Support Center. To reach the UCDP Support Center, please call 800-917-9291.
The UCDP Support Center will be available Monday through Friday from 9 a.m. to 8 p.m., ET.