Fannie Mae and Freddie Mac recently announced that they have launched an initiative to update the Uniform Appraisal Dataset (UAD) and uniform appraisal reporting forms to provide greater clarity for industry participants, simplify appraisal reporting and reviewing, and to build a foundation for appraisal modernization.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, appraisal technology, AMCs, Mortgage Companies, UAD, Uniform Appraisal Dataset, appraisal forms, Appraisal Process Management, Credit Union
Having a seamless, workflow-driven valuation management process will allow for quick, easy configurations and will all but eliminate manual touch points. Lenders and AMCs that take advantage of this unique automation technology are sure to increase their own efficiencies, reduce costs, and become even more valuable to their consumer or lender-clients due to quicker turn-times and more accurate reports.
Read MoreTopics: GSE, Lenders, appraisal technology, eTrac Enterprise Solutions, Mortgage Companies, Global DMS, Keeping Collateral Management Compliant, MISMO, UAD, MARS, Appraisal Process Management, USPAP, Credit Union, AMC
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