Posts Tagged: UCDP

Valuation Management Group is Preparing for Collateral Underwriter (CU)

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Collateral Underwriter is a week away from being utilized on all appraisals delivered to Fannie Mae through the UCDP portal. Fannie Mae has provided a number of tools to help lenders, appraisers and appraisal management companies to be prepared for the January 26, 2015 release. Go to the Fannie Mae CU Page for more information… Read more »

Fannie Mae Introduces Collateral Underwriter (CU)

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On October 20, 2014, Fannie Mae announced that it will make its proprietary appraisal risk assessment analysis available to its lenders. It was developed by Fannie Mae utilizing the appraisal data prepared by appraisers and delivered to the GSE’s by its lenders and their appraisal management companies. According to Fannie Mae, the Uniform Collateral Data… Read more »

Fannie Mae Providing Clarity to Upcoming Proprietary January 2015 UCDP Messages

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Starting January 2015, 21 Fannie Mae messages, that were previously warnings, will become hard stops. These new hard stops will lead to an unsuccessful UCDP submission. These messages will require action in order to receive a “successful” submission status in the UCDP. In addition, this December, numerous other Fannie Mae messages which were once implemented… Read more »

Living in the World of Mortgage Acronyms

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“I submitted the UAD Appraisal Report to the UCDP for the GSE’s and it returned the SSR’s with FNMA Appraisal Findings and UAD warnings”? Have you heard a similar statement recently? Whether you are a bank, credit union, mortgage company employee, or an appraiser, there is a pretty good chance you have heard a similar… Read more »

FHFA’s Oversight of Fannie Mae and Freddie Mac’s Use of Appraisal Data

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On February 6, 2014 the Federal Housing Finance Agency (FHFA) issued an interesting synopsis of the Office of Inspector General’s audit. The synopsis covers the FHFA’s oversight of Fannie Mae and Freddie Mac’s (GSE’s) use of the UCDP to analyze appraisal data, prepurchase, to improve loan quality and reduce risk. You can access the synopsis… Read more »

GSE’s Finding Problems with Residential Appraisals

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Valuation Management Group is committed to keeping our clients and appraisers informed about the latest information relative to the appraisal industry. Freddie Mac and Fannie Mae began requiring the utilization of the Uniform Appraisal Dataset “UAD” 2 years ago to standardize the residential appraisal format. Fannie Mae recently conducted a sampling of appraisals and determined… Read more »