Most residential appraisers recognize their new obligations under the Uniform Appraisal Dataset and the associated Uniform Collateral Data Portal; however, remaining efficient in the context of fulfilling such obligations has become a new challenge. 

Appraisers, lenders, underwriters, and appraisal management companies all seem to assert their own ideas on the issue of UAD compliance as they navigate through the adjustment process of both the UAD and UCDP.  Consequently, many appraisers misapply intended requirements and waste time on unnecessary details.

Designed to help students efficiently distinguish required from non-required data for UAD compliance, this seminar educates participants on how to: reconcile conflicting UAD requests from different clients; recognize how UAD data is collected and analyzed; and stay informed of ongoing UAD changes from Fannie Mae and Freddie Mac. 

Upon completion of the seminar, participants will be able to:

• Understand how the UCDP acts as a gate-keeper by checking appraisal reports for UAD compliance, thus avoiding non-compliance and increasing efficiency.
• Recognize how UAD data input is being collected, monitored and analyzed on individual and aggregate levels by Fannie Mae and Freddie Mac.
• Know how such UAD monitoring may affect and influence future appraisal reporting.
• Recognize commonly misinterpreted UAD data fields and nuances by reviewing extensive and varied “real-world” illustrations collected from appraisers.
• Identify UAD-specific guideline changes and guidance from Fannie Mae and Freddie Mac.
• Search Fannie Mae and Freddie Mac web sites from an appraiser’s perspective to stay abreast of appraisal- and UAD-related changes.
• Understand the lender’s obligations when using third-party vendors to manage and control the appraisal process under the UAD.
• Recognize a lender’s obligations when selecting an appraiser under the UAD requirements.