MPF Xtra® News: Conversion of Uniform Collateral Data Portal®
Error Messages from Warning Edits to Fatal Edits |
Fannie Mae has scheduled changes to take effect in June 2013 to the monitoring of the Uniform Appraisal Dataset (UAD) that is uploaded into the Uniform Collateral Data Portal (UCDP®). These changes will support the continued successful compliance with the appraisal dataset requirement.
To help PFIs prepare for the warning-to-fatal edit changes scheduled for June, below is a list from Fannie Mae of the UAD fields that will convert from warning-to-fatal edits:
• Appraisal effective date;
• Subject contract price and comparable sale price;
• Above grade Gross Living Area (GLA) (subject and comparables); and
• Sale type (subject and comparables).
Click here to read MPF Xtra® PFI Advisory dated March 18, 2013, or February 11, 2013, for details. | |
