The Uniform Mortgage Data Program (UMDP) becomes effective September 1, 2011. As an appraiser, you are required to comply by that date.
Here's an overview of the program and its components:
What Is UMDP?
UAD Focuses On Standards
UAD Form Types
What Is UCDP?
What Is ULDD?
Solidifi Resources
Key Dates
September 1, 2011
Appraisals must comply with the UAD data standards requirements.
December 1, 2011
Lenders must electronically deliver full UAD-compliant appraisals and expanded loan delivery data
to Fannie Mae and Freddie Mac.
March 19, 2012
Lenders must electronically deliver full UAD-compliant appraisals; loan delivery data must be provided in industry
standard ULDD format (unless manually entered in Loan Delivery.)
join us on facebook
company profile on linked in
company profile on twitter