Jun 20, 2011By Jacob Gaffney
The government-sponsored enterprises’ Uniform Mortgage Data Program is coming into force by Sept. 1. After that time, the GSEs will require seller-servicers to submit full appraisal reports in electronic data format prior to loan delivery to the secondary markets. It creates a single means for submitting the 17 pages or so that make up a typical appraisal. In this case, the GSEs would prefer appraisals submitted in the Mortgage Industry Standards Maintenance Organization XML format.
