As the transition from Uniform Appraisal Dataset (UAD) 2.6 to UAD 3.6 edges closer, it is important to understand what this shift entails, and what the outcome will be for those who choose not to adopt. Valligent COO, George Paquette, and Veros’ Product Management Director, Kristin Gruidl, spoke with the Dodd Frank Update to give their opinion on this monumental shift.
Highlights from the article:
- Paquette notes that lenders who have not adopted UAD 3.6 by the Government-Sponsored Enterprise (GSE) mandate date (November 2, 2026) will face serious delays and risk and will be unable to sell their loans to the GSE’s.
- The new UAD 3.6 format is similar, but the dataset has changed with expansion. It transforms lengthy commentary and addenda into data fields, allowing for a streamlined and data-forward quality control process, says Gruidl.
- Bottlenecks including failed submissions, rework, slower turn times, and growing friction with partners are just some of the challenges lenders will face if they do not transition.
Interested in learning more about shift from UAD 2.6 to 3.6? Read the full article from the Dodd Frank Update, today: Are lenders prepared for the UAD 3.6 transition mandate? | News | Dodd Frank Update
