IRR-Residential has been approved as a Lender Agent for the Uniform Collateral Data Portal (UCDP) system .  As such, IRR-Residential is able to upload appraisal reports to the UCDP on behalf of our lender clients.

Fannie Mae and Freddie Mac have developed new Uniform Appraisal Dataset requirements (UAD) for certain appraisal report forms.  UAD compliant appraisal reports will eventually be required to be submitted through an Uniform Collateral Data Portal (UCDP) system developed by the GSEs, for all mortgage loans to be sold to the GSEs and for which an appraisal is required.

Appraisal Reports submitted to the UCDP must consist of either a compliant Extensible Markup Language data stream (XML file), including an embedded Portable Document Format file (PDF) of the appraisal, or a first-generation PDF file of the appraisal report.  The PDF file must include all exhibits, addenda, and photographs. Lenders who fail to submit the appraisal in a proper format will be charged a fee for the XML conversation tool on a per transaction fee basis.

Click here to learen more about the UCDP.