Uniform Appraisal Dataset (UAD)

To improve the quality and consistency of appraisal data on loans delivered to the GSEs, Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency (FHFA), have developed the Uniform Appraisal Dataset (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.

UAD Effective Date

For appraisals with an effective date (date of inspection is the effective date of the appraisal) on or after September 1, 2011, the following four appraisal report forms, collectively referred to as the "four UAD forms," must be completed in compliance with the UAD for conventional mortgage loans sold to Fannie Mae or Freddie Mac:

Uniform Residential Appraisal Report (Fannie Mae Form 1004/Freddie Mac Form 70)
Individual Condominium Unit Appraisal Report (Fannie Mae Form 1073/Freddie Mac Form 465)
Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Fannie Mae Form 1075/Freddie Mac Form 466)
Exterior-Only Inspection Residential Appraisal Report (Fannie Mae/Freddie Mac Form 2055)

Please see the UAD Overview PDF file from Fannie Mae. Click Here.

The UAD is a component of the Uniform Mortgage Data Program^SM, jointly established by Fannie Mae and Freddie Mac under the direction of our regulator, the Federal Housing Finance Agency, to provide common requirements for appraisal and loan delivery data.

The Federal Housing Administration (FHA) will adopt the Uniform Appraisal Dataset (UAD) and two of the UAD compliant appraisal reporting forms, which further define specific data fields in these industry standard appraisal reporting forms. Please refer to FHA Mortgagee Letter 2011-30 publish August 22, 2011 for more information.

Tools to Assist Your UAD Implementation:

To help you incorporate UAD requirements into your business processes, we encourage you to take advantage of these UAD resources: From the pages of efannie mae:

This link will take you to efannie mae dot com where you will find resources to better understand the purpose of UAD. Click here for UAD Resources from Fannie Mae

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