Fannie Mae and Freddie Mac recently completed a survey with appraisal-industry stakeholders regarding their impending updates to the Uniform Appraisal Dataset (UAD) and redesigned appraisal forms as part of the Uniform Mortgage Data Program® (UMDP®).
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, appraisal technology, Appraisers, AMCs, Mortgage Companies, Compliance, UAD, Uniform Appraisal Dataset, appraisal forms, UMDP
We all know the importance of appraisal-related forms and reports, as these essential components of the valuation process help monitor turn-times, improve overall performance, and assist with reviews – among many other things.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, appraisal forms, webforms, Appraisal Process Management, Credit Union
Fannie Mae recently announced that effective immediately, it will no longer require Form 1004MC (known as the Market Conditions Addendum) as part of appraisal reports. The GSE’s Selling Guide has been updated to reflect this change.
Read MoreTopics: GSE, Fannie Mae, Lenders, collateral management, Appraisers, AMCs, Mortgage Companies, Compliance, appraisal forms, Appraisal Process Management, Credit Union
Fannie Mae and Freddie Mac recently announced that they have launched an initiative to update the Uniform Appraisal Dataset (UAD) and uniform appraisal reporting forms to provide greater clarity for industry participants, simplify appraisal reporting and reviewing, and to build a foundation for appraisal modernization.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, appraisal technology, AMCs, Mortgage Companies, UAD, Uniform Appraisal Dataset, appraisal forms, Appraisal Process Management, Credit Union
Appraisal-related forms and reports are an essential component of the valuation process that can be used to monitor turn-times, improve performance, and assist with reviews – among many other things.
Read MoreTopics: Lenders, Vendor Management, collateral management, appraisal software, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, appraisal forms, Appraisal Process Management, Credit Union
Appraisal-related forms and reports are essential to the valuation process, yet most management platforms only provide a handful of what lenders and AMCs actually need.
Read MoreTopics: Lenders, collateral management, appraisal software, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, appraisal forms, Appraisal Process Management, Credit Union
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