We have a requirement for an appraisal to be sent to underwriting in an XML format for the UAD Compliance Check through UCDP, as well as it's becoming an investor requirement even for government loans (FHA, VA, USDA).
However the appraisal was ordered by a Wells Fargo employee, done by RELS Valuation and RELS states they cannot produce an XML copy of the appraisal to us because:
1. "The appraiser didn't send it to us in XML format"
2. "We aren't sure what an XML format is"
3. "If we send it in XML format the data could be manipulated"
Yes, we got 3 different excuses each time RELS was contacted about it.
I have Adobe Acrobat Writer, and there is an option to convert a .pdf file in to an XML 1.0 format, but that doesn't seem to do the trick, or at least we're being told that isn't how it's done.
But is it? We don't have appraisal software of course, but I was hoping that an appraiser can comment if that output option from Adobe Acrobat Writer produces the same type of XML appraisal file that is needed for the UCDP system.
Thank you.
Further info for those who are interested:
https://www.efanniemae.com/sf/technology/commitloandel/ucdp/
What is the Uniform Collateral Data Portal?
The Uniform Collateral Data PortalSM (UCDPSM) is the Web-based portal lenders and their designated agents use to electronically submit appraisal data files prior to loan delivery to Fannie Mae and/or Freddie Mac (Government Sponsored Enterprises or GSEs). Through UCDP, you can submit up to 10 appraisal data files at a time, search for previously submitted appraisal data files, clear hard stops, and view reports.
