Lately, we have been receiving a lot of emails from appraisers confused about WinTOTAL and TOTAL 2011’s Uniform Appraisal Dataset (UAD). Many think that they need to download a specific file, even though their software is up to date. Where is the new UAD, we’ve been asked! So we prepared a short video tutorial explaining how to create URAR report in UAD format in WinTOTAL. You just need to make sure your software is up to date. Watch the video below:
T.J. McCarthy has made his “Sample URAR in UAD Format” available and with his permission we are posting it on our website. UAD fields have been highlighted in yellow and instructions have been placed in the comment sections throughout the report explaining the rational behind some of the UAD required fields.
“Special thanks to my friends Rich Heyn and Dawn Molitor-Gennrich for allowing me to borrow their expanded scope of work statement
Good luck everyone, Tj”
For appraisals with an effective date (date of inspection) on or after September 1, 2011, Fannie Mae, Freddie Mac, FHA and VA appraisal reports must be completed in compliance with the UAD.