The Kinnane Group, Inc.
  • Home
  • Appraisals
  • Brokerage
  • Development
  • Group Bits
  • Appraised
  • Contact Us
  • Berkley Listings
  • Bristol Listings
  • Dartmouth Listings
  • Fall River Listings
  • Little Compton Listings
  • New Bedford Listings
  • Swansea Listings
  • Tiverton Listings
  • Westport Listings
  • Business Listings
  • Commercial Listings
  • Land Listings
  • Appraisal Request Form
  • Career Opportunities
  • Get a Free CMA
  • Refer the Group

The Kinnane Group is UAD Compliant!

8/9/2011

0 Comments

 
What does this mean?

UAD is the Uniform Appraisal Dataset, which goes into effect on September 1, 2011.  Fannie Mae and Freddie Mac, (the GSE’s – Government Sponsored Enterprises), created the Uniform Mortgage Data Program (UMDP) initiative which is intended to improve the quality of loans and documentation submitted by originators to the two GSE’s. The UMDP is a comprehensive loan quality program with several sub-initiatives, most of which apply to lenders who sell loans on the secondary mortgage market.

For appraisers, the UAD is the most important of these sub-initiatives. This program is intended to standardize and provide consistency for data points on real estate appraisal reports. The existing forms will not change, but how certain data is entered into the form will be standardized.  Additionally, reports will now be submitted to lenders in what is referred to as a 'dual' format.  Lenders will receive the customary 'pdf' file along with a new requisite 'xml' file that is also submitted to the participating GSE.

The Kinnane Group has been issuing UAD compliant reports in dual reporting formats to lenders who have requested them since the middle of July.  Our UAD compliant training is complete, our software is in place and our appraisal processing and auditing system is operational. Simply put, we are up and running!

Please let us know when you would like to begin receiving these new dual format reports.

Additional reference material regarding UAD is available on the Freddie Mac website:

UAD Interactive Reference Manual

We look forward to being your partner in migration to the new UAD requirements. Please feel free to contact us with any questions you may have.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Categories

    All
    Appraisal
    Appraisals
    Brokerage
    Clients
    Economy
    For Sale
    Housing
    In Community
    Marketing
    Mortgage Rates
    Real Estate Market
    Real Estate Market
    Values

    Archives

    May 2022
    November 2021
    May 2020
    January 2020
    November 2018
    August 2018
    July 2018
    May 2018
    March 2018
    November 2016
    November 2015
    March 2015
    February 2015
    April 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    July 2013
    June 2013
    May 2013
    April 2013
    January 2013
    December 2012
    November 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    July 2010
    June 2010
    May 2010

    The Kinnane Group
 The Kinnane Group  P.O. Box 9026, Fall River, Massachusetts 02720   .  Tel:  (508) 678-6673  .  ©2023 The Kinnane Group, All rights reserved.
  • Home
  • Appraisals
  • Brokerage
  • Development
  • Group Bits
  • Appraised
  • Contact Us
  • Berkley Listings
  • Bristol Listings
  • Dartmouth Listings
  • Fall River Listings
  • Little Compton Listings
  • New Bedford Listings
  • Swansea Listings
  • Tiverton Listings
  • Westport Listings
  • Business Listings
  • Commercial Listings
  • Land Listings
  • Appraisal Request Form
  • Career Opportunities
  • Get a Free CMA
  • Refer the Group