Real Estate Analysis and Commentary from around Puget Sound

UMDP stands for the Uniform Mortgage Data Program, which was created jointly by the GSEs at the direction of the Federal Housing Finance Agency. It's designed as a way to standardize common requirements for appraisal and loan data across the entire transaction.

UMDP consists of several pieces, but the Uniform Appraisal Dataset (UAD) is the key piece that will affect day-to-day appraisal reporting, and consists of key appraisal data elements being standardized to ensure that they are consistently reported across the entire scope of the GSEs' loan portfolio.

We here at My Appraisal Office, LLC are actively testing the new Wintotal form filler interface that supports UAD. So far our impressions are very favorable. A la mode expects to deliver the new UAD support well in advance of the September 1st deadline.

Sure, there'll be changes. But change is good and change is not new to the appraisal industry.

Here are some good links for more info on the upcoming changes:

You can read about the UMDP on Fannie Mae or Freddie Mac’s websites (click here or here).

Also, a la mode has a good overview as well (click here)

Embrace change!

        ...Jerry

My Appraisal Office LLC focuses implementing the software, communications systems and procedures necessary to provide easy to use processes and procedures for the appraiser or appraisal company (clients) in King County. My Appraisal Office LLC works with independent appraisers working on their own or appraisal companies needing implementation, office management or migration assistance.

Today many appraisal offices are migrating from fixed “brick” offices to mobile or home office locations. With today’s internet and cloud capabilities there really is no need to maintain the traditional office location. But it’s tricky to migrate years of appraisal files, system customizations and databases to individual appraiser systems. And how will they do order management, billing, invoicing, and all the other necessary office management in a secure fashion?

My Appraisal Office LLC specializes in the a la mode, Inc. product set for appraisers. They can help an appraisal company “de-office” themselves by providing any or all of the following services:

• Migration planning
• Education
• Home office setup
• Networking solutions
• Appraiser, principal and office manager hardware and software configurations
• Remote assistance
• Office training
• Office management
• Wintotal, xSite, Exact and Vault product support
• Backup, scanning and appraiser tool solutions
• Volume pricing on all a al mode, Inc. products

So give us a call today. Let's see what we can do for you!