UCDP and UAD: The info you’ll need

From December 1st on, the majority of your clients will begin submitting your appraisal reports to the GSEs' new portal - the Uniform Collateral Data Portal (UCDP).  If you're already using our UAD tools in WinTOTAL or TOTAL 2011, you're probably already delivering a "portal-ready" report.  But, as with UAD, there may be questions come up during the transition, so we've gathered the most important info for you here, all in one place.  

MOST IMPORTANT:  Run your E&O and correct all "UAD" errors BEFORE you deliver the report to your client.   This step will save you valuable time later on.  When your client attempts to deliver the report to the portal, UCDP will automatically run a UAD error-check.  All UAD (and other) errors will be noted in what's called a Submission Status Report (SSR).  Some of those are "hard stops" that require a revision before your client can resubmit the appraisal.  Some aren't hard stops yet, but will become so later.  Save yourself some hassles and clear all UAD errors BEFORE you deliver the report.  You'll avoid the revision requests and your clients will be happier, too.

Now for the rest...

See the same errors your clients see:  Download UAD Reader (it's free)

List of common UCDP errors and solutions

UCDP FAQ for appraisers

^New! Video:  Get a sneak peek at what your clients will see in UCDP

^New! Video:  An appraiser's guide to UCDP errors

UAD:  Everything you need to know

As you know, all GSE-destined appraisals with an effective date on or after September 1st, MUST be completed in UAD format, even if they are delivered solely as PDFs.   You've probably already found that your clients now require UAD compliance on all appraisals to ensure that they can sell the loan anywhere on the secondary market. 

NEW!  Click here to watch a video tutorial of all of the UAD fields.
You can jump within the video to specific fields and get the snippet of information you need.  Here are six fields we get questions about: