
LL 15 Uniform Appraisal Dataset and Uniform Collateral Data Portal
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People also ask
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What is the primary purpose of the universal appraisal dataset?
The Uniform Appraisal Dataset (UAD) defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields.
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Why did Fannie Mae and Freddie Mac develop the Uniform Collateral data Portal?
To facilitate electronic delivery of appraisal report data to the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac developed the Uniform Collateral Data Portal® (UCDP®) as part of the Uniform Mortgage Data Program® (UMDP®).
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What is the UAD in appraisal?
To improve the quality and consistency of appraisal data for loans delivered to the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency (FHFA), developed the Uniform Appraisal Dataset (UAD), which defines all fields required for an appraisal ...
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What appraisal forms are UAD compliant?
UAD and Forms Redesign - General Uniform Residential Appraisal Report Fannie Mae 1004/Freddie Mac Form 70. Individual Condominium Unit Appraisal Report Fannie Mae 1073/Freddie Mac Form 465. Exterior-Only Inspection Individual Condominium Unit Appraisal Report Fannie Mae 1075/Freddie Mac Form 466.
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What is a uniform collateral data portal?
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.
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Which of the following best describes what an appraisal is Quizlet?
Which of the following best defines appraising? Appraising is the process of developing an opinion of the value of real property.
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Why do appraisers use URAR?
Home appraisal: A URAR report is commonly used for home appraisals, where the appraiser evaluates the market value of a single-family residence. The report provides an unbiased opinion of the home's value based on its condition, location, and comparable sales in the area.
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What is the primary purpose of the universal appraisal data set?
The Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File and Dashboards are the nation's first publicly available datasets of aggregate statistics on appraisal records, giving the public new access to a broad set of data points and trends found in appraisal reports.
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