Tuesday, November 11, 2014
To: Fannie Mae and Freddie Mac (together known as the GSEs)
Fannie Mae’s Collateral Underwriter (CU™)
I am asking that you to take a moment to participate in this important industry effort.
Fannie Mae’s Collateral Underwriter (CU) will be available in the first half of 2015. The CU performs automated risk assessment of appraisals submitted to the Uniform Collateral Data Portal based on information that you provided through the Uniform Appraisal Dataset (UAD). The CU provides a risk score, flags, and messages to the lender.
The GSE’s have mandated that all appraisals be submitted in the UAD format; however, currently there are no plans to provide appraisers access to this data.
This data needs to be provided to appraisers at the beginning of the appraisal process; ensuring transparency, and improving the process by reducing risk to lenders and the general public.
Please join this online petition to allow appraiser access to the data that they provided through the Uniform Appraisal Dataset (UAD).
2014 ICAP President