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Uniform Collateral Data Portal UCDP Overview
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People also ask
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What is an SSR on an appraisal?
Appraisals done for conventional loans are uploaded to an industry-wide Uniform Collateral Data Portal (UCDP). Here the appraisal report is given a rating called a Submission Summary Report (SSR). The SSR score is what prompts appraisal reviews. The SSR score ranges from 1.0 to 5.0. -
What is the purpose of the UCDP?
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®). -
What is UCDP SSR?
UCDP Functionality Appraisals that pass all checks receive a “Successful” status from UCDP. All appraisals successfully uploaded to UCDP receive a Submission Summary Report (SSR) for each GSE submission. -
How do I get a Freddie Mac UCDP authorization code?
Freddie Mac Seller/Servicers and Correspondent Lenders: o The Freddie Mac UCDP Authorization Code, which is required to complete registration, is provided in an email from no_reply@FreddieMac.com with the subject line “Welcome to the Uniform Collateral Data Portal.” -
Why use a restricted appraisal report?
Restricted Appraisal Report It is usually less expensive and is definitely less detailed. This type of report is sometimes appropriate for uses such as portfolio monitoring, but can be used in other situations as well. -
What is UCDP submission summary?
The Submission Summary Report displays information about a specific Doc File ID including its related appraisal data files. -
What is the UCDP for appraisal?
UCDP provides a common pathway for the electronic submission of appraisal data files to the GSEs. Lenders and/or their agents can submit appraisals to Fannie Mae, Freddie Mac, or both GSEs. -
What is an SSR on an appraisal?
Appraisals done for conventional loans are uploaded to an industry-wide Uniform Collateral Data Portal (UCDP). Here the appraisal report is given a rating called a Submission Summary Report (SSR). The SSR score is what prompts appraisal reviews. The SSR score ranges from 1.0 to 5.0. -
What is the purpose of the UCDP?
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®). -
What is the SSR of the UCDP submission summary report?
The SSR contains a summary of the appraisal submission(s) for each loan, the status of the submission(s), and a Document File Identifier (Doc File ID), which is part of the unique appraisal identifier generated by UCDP. One Doc File ID is assigned per loan and is the same for delivery to either GSE. -
What is a UCDP submission summary report?
The SSR contains a summary of the appraisal submission(s) for each loan, the status of the submission(s), and a Document File Identifier (Doc File ID), which is part of the unique appraisal identifier generated by UCDP. -
What was the purpose of 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. -
What is UCDP in mortgage?
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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