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Up & coming UAD changes!
November 13th, 2013 11:31 AM

Appraisers get ready for more changes starting 1/26/2014, to implement in the Uniform Appraiser Dataset compliance warning edits coming from Fannie Mae & Freddie Mac.  Per ANO (Appraiser News Online), this will be the 2nd phase of the updates which will include the following sections: Location rating, Quality of construction, View Rating and Condition Rating.

Noted in news release is that if the data is incomplete, the related edits will be send back as incomplete and corrections as in UAD tech specs.

Let us hope the changes can help clarify and eliminate concerns while reporting to our clients and not add any confusion.

Welcome any comments!


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Posted by Dean Bettencourt on November 13th, 2013 11:31 AMPost a Comment

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