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Fannie Mae Announces Electronic Appraisal Submission Update

In Announcement 09-14: Electronic Appraisal Reports, Enhancements to the Loan Delivery File Format, and Mortgage Fraud Reporting; Fannie Mae stated it will require the submission of electronic appraisal reports in XML format. In support of this announcement, Fannie Mae is updating the 2000-Character Loan Delivery File Format. Fannie Mae is advising lenders of the new data element that will be required to support electronic appraisal submissions. The Document File Identifier is a 10-digit alphanumeric data element that will be assigned by the Collateral Data Delivery (CDD) system. A unique identifier will be assigned at the time the electronic appraisal report data is successfully submitted to CDD, and will allow the lender to retrieve submission results and findings and make updates or corrections to the submitted appraisal data in CDD.

Fannie Mae
Collateral Data Deliver Information
Announcement 09-14: Electronic Appraisal Reports, Enhancements to the Loan Delivery File Format, and Mortgage Fraud Reporting

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Posted in Announcement, Good News You Can Use, Legislative Updates.

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