Real Matters' Solidifi completes UAD 3.6 order

Executive Summary

• Solidifi, a subsidiary of Real Matters, has successfully completed its first Uniform Appraisal Data (UAD) 3.6 order.
• This milestone marks a significant step in the company's readiness for the appraisal modernization initiative led by Fannie Mae and Freddie Mac.
• The completion demonstrates that Solidifi’s technology, processes, and nationwide appraiser network are prepared for the transition to the new data standards.

Key Details

• Milestone Achievement: Completion of the first UAD 3.6 order, a critical component of the most substantial evolution in the appraisal process in over a decade.
• Strategic Context: The UAD 3.6 and forms redesign initiative aims to introduce a more consistent, transparent, and data-driven framework to enhance quality, clarity, and efficiency for lenders, appraisers, and consumers.
• Operational Readiness: Solidifi has validated that its proprietary technology, operational processes, and network of tens of thousands of independent field professionals are fully prepared for the industry-wide transition.
• Market Positioning: The company positions itself as a leader in the transition, aiming to empower clients with innovation and reliability as UAD modernization rolls out nationwide.

Notable Quotes

• "The completion of our first UAD 3.6 order is an exciting moment for Solidifi and an important signal to the market... This achievement reaffirms our commitment to delivering innovative, reliable solutions that help our clients navigate industry transformation with confidence." — Loren Cooke, President of Solidifi
• "This is just the beginning... We are proud to lead the way and look forward to shaping the future of appraisals together with our partners." — Loren Cooke, President of Solidifi