UAD & Forms Redesign

ACI is fully committed to the new UAD & Forms Redesign project and ensuring that our customers are not just covered, but actually have the best software in the business with tools to perform high-quality appraisals with efficiency and proficiency.

What does this mean? The technical specifications released by Fannie Mae and Freddie Mac can be broken down into two primary categories. One category is all about the Data Structure, both technically in the MISMO XML file, and practically or visually in the report. The other category is all about the actual report, an all New URAR.

Here are a few key points to keep in mind about the Data Structure:

1) The new UAD is designed to minimize the amount of explanation or commentary required in an appraisal report by adding and updating individual data elements into discrete data points that can be more easily consumed by machines and models. The benefit is that appraisers can spend less time writing lengthy commentary to describe factual and objective characteristics, or factors. Additionally, AMCs and underwriters spend less time looking at that commentary or trying to find the specific comment they’re looking for. Theoretically, this should help reduce the quantity of revision requests appraisers get from their clients and improve turn-times underwriting an appraisal. All of this translates into faster origination speeds for consumers.

2) The improved data structure also allows technology companies like ACI to leverage more third-party data sources to help appraisers populate these new discrete data elements more completely and better enable automation of the data gathering. This allows appraisers to spend less time hunting for the data they need and more time analyzing that data to help support a credible opinion of value for their clients. 

Extended Live Chat Hours

Day or night, you can rely on our OneCall team to assist with all your sales and technical needs. You can now chat with a live OneCall agent Monday through Friday, 8am ET to 12am ET, excluding holidays. Our Chat with an Expert feature is found on the bottom right of our website.

Did you know you can view multiple pages and even reports at the same time? When in an opened report, go to the components list on the left-hand side. Right-click on the form icon and navigate to: New View > Multi-monitor. Your report will pop up in another window and you can drag to another monitor.

Join ACI in Las Vegas August 7-9 to celebrate the 20th anniversary of Valuation Expo! Meet the ACI team at Booth 31 to learn about SureStep® mobile and play in the Valuation Expo Open. We are excited to share these summer savings! Receive $50 off registration with discount code: ACI2023. Register here. Offer ends July 15th.

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UAD & Forms Redesign

Fannie Mae and Freddie Mac just announced Wednesday, March 29, 2023, that the UAD & Forms Redesign project has moved into its “Roll Out” phase. This is an enormous project for the entire mortgage industry and for the appraisal profession.

What does this mean? The UAD & Forms Redesign project began in 2018 as mandated by the Federal Housing Finance Agency. The GSE’s have been in a planning stage since then, engaging with industry stakeholders and establishing the requirements for what the new UAD will look like. Moving into the “Roll Out” phase means that the GSE’s are ready to roll the specifications out to the market. The entire industry now has access to the final set of requirements for building the systems required to support the new dataset and forms.

ACI has been at the forefront of these efforts from the very beginning, contributing feedback and providing consultation as the leading appraisal technology provider in the industry. We are actively engaged in the planning and implementation of these specifications. The GSE’s have communicated that the “Roll Out” phase will be a “multiyear effort” and there is no immediate impact to the daily activities and operations of practicing appraisers, AMCs, lenders, and other stakeholders. ACI is committed to ensuring that our customers are prepared for these significant changes and equipped with solutions that will improve how they do business. As we navigate through this process with you, we will provide periodic updates and information to help you prepare for the upcoming changes. The entire ACI team is excited about this project and to be working alongside our customers.

To learn more about the project directly from the GSE’s, click on either link below.

• Fannie Mae UAD Project Page
• Freddie Mac UAD Project Page

Chat with an Expert

Save time using our Chat with an Expert feature found on the bottom right of our website. Live agents are available Monday through Friday from 8am ET to 8pm ET to assist with all your sales and technical needs.

Renew Your ACI Membership Online

ACI now offers the ease of renewing all ACI appraiser memberships online. Learn more about each plan or begin the renewal process by clicking on the links below.

• ACI Company Plan: Starts at one user with two licenses*
  • Options to add additional users and mapping subscriptions, too!
• ACI Appraiser Plan:  Includes one user with one license
• CRAL Membership Plan: ReportPro™ for our Canadian Clients

Please have your Client Code available when you are ready to renew.
Your Client Code can be found in ACI Report, under Help > Product Registration.

*For assistance in finding the best plan to suit your needs, please contact an ACI Account Manager at (800) 234-8727 or email aciwebsales@aciweb.com.

Beta testing continues for our newSureStep® mobile app. We appreciate the opportunity to interact and receive feedback from our valued customers and beta testers throughout the process. Our goal is to provide modern and innovative solutions to help appraisers improve their efficiency, quality, and profitability through best-in-class technology solutions. We encourage our testing partners to keep the feedback coming! If you’re interested in learning more about the ACI Beta Program or be considered for future testing please email us here.

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