Online Petition to Allow appraiser Access to UAD Data

by ICAP Board · Published November 13, 2014 · Updated March 10, 2017

Online Petition to Allow appraiser Access to Data They Provided Through the Uniform Appraisal Dataset (UAD)

Fellow appraiser,

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).

Thank you

Richard deVerdier
2014 ICAP President

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ICAP Board

Coalition of Appraisers in Illinois at Illinois Coalition of Appraisal Professional

ICAP works to promote the appraisal profession and its image to the general public and to users of appraisal services. ICAP initiates discussion and analysis of issues affecting professional appraisers and monitors political action with the intent to influence legislation, regulation and public opinion toward the appraisal profession.

Angry Appraiser says:
November 16, 2014 at 12:10 pm
I’ve read the petition and to be honest this is like being concerned about a pimple on your ask when your arm was just ripped off. It’s all about the fees (or lack thereof) and the fact that banks continue to fight HUD-1 transparency. Appraisers have been doing twice the work for half of their pre 2009 pay and still refuse to fight back. What makes you think they give a damn about something as insignificant as what this petition addresses. The intelligent appraisers left the business long ago; I suggest that you give it some though yourself. Better late than never.

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