Available Now in Limited Production: UAD 3.6 and Forms Redesign
After over five years of preparation, the Limited Production Period for the Uniform Appraisal Dataset (UAD) 3.6 and Forms Redesign is finally here! This period innovates the appraisal space with improved data standardization, a simplified review process, and dynamic reporting. Fannie Mae and Freddie Mac (the GSEs) have completed their system and policy updates and are ready to work with lenders and appraisal software vendors to implement UAD 3.6.
Participating in the Limited Production Period offers lenders an opportunity to experience the new UAD and redesigned Uniform Residential Appraisal Report (URAR) in their production environment with hands-on, high-touch support from the GSEs.
Lenders, appraisal software vendors, and their partners may have different timelines for adopting the new UAD and redesigned URAR. As industry participants become ready, the GSEs will continue to work with them to implement new technologies and processes, supporting a smooth transition to these transformational appraisal enhancements.
Even if lenders aren’t planning to participate in the Limited Production Period, they’re encouraged to start planning and preparing for their UAD transition now. Lenders should take these steps:
- Visit the Freddie Mac and Fannie Mae UAD webpages to access valuable resources.
- Review the UAD timeline.
- Access the UAD Lender Readiness Kit and Limited Production Lender Readiness Questionnaire and use them as a roadmap for planning.
- Take the industry training.
