When a lender chooses to sell a loan to either Fannie or Freddie, they send the appraisal report to the Uniform Collateral Data Portal (UCDP) in a highly “readable” file format (XML) for data collection, along with the PDF of the report.
The GSEs receive the data from the portal for collection and for purposes of risk management analysis. As more and more of our reports go into this database, the GSEs learn more about us and our work product.
On behalf of ACI, we’ll discuss what data is being collected by Fannie and Freddie and what it could mean to us. We’ll also explore how data might be used by the GSEs and clients, and how data might be “fed back” to us to improve our UAD efficiency and compliance. “See” you in class.