Comments on: Collateral Underwriter White Paper https://appraisersblogs.com/appraisal/fannie-maes-collateral-underwriter-industry-update-white-paper/ Appraisal News and Tips for Real Estate Appraisers Mon, 12 Feb 2018 01:39:42 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Retired Appraiser https://appraisersblogs.com/appraisal/fannie-maes-collateral-underwriter-industry-update-white-paper/#comment-11416 Sat, 06 Dec 2014 04:39:13 +0000 http://appraisersblogs.com/?p=6758#comment-11416 In reply to Tom.

Better stock up on square pegs to drive into their round holes Tom!

]]> By: Claire Ryder on Facebook https://appraisersblogs.com/appraisal/fannie-maes-collateral-underwriter-industry-update-white-paper/#comment-11414 Sat, 06 Dec 2014 01:12:08 +0000 http://appraisersblogs.com/?p=6758#comment-11414 Not sure what software you use but I run about 6 checks now. Not UAD compliance but the ucdp checks and 2 other reviews and of course spell check. I got an error because my my pending sales comp had a previous sale within the last 12 months, so I checked the box by the sales history. Error said this only applies to SALES comps so I unchecked the box, wrote more crap in the addendum explaining this sent it in. Some dumb ass says you are wrong that is the way all appraisers do it. I proved him wrong and of course no apology. I do know this that the lenders were scrambling a few months back to reconcile their ucdp uploads and correct any errors. So if there had been any problems we would know. I also subscribe to every fnma bulletin, and every other bulletin I can and also have lenders who send me stuff.And update my software once a week. how do you spell data mining

]]> By: Tom https://appraisersblogs.com/appraisal/fannie-maes-collateral-underwriter-industry-update-white-paper/#comment-11410 Fri, 05 Dec 2014 19:50:49 +0000 http://appraisersblogs.com/?p=6758#comment-11410 Thanks for the info. I received my first hard stop the other week. How’s this for a system, on the form 1004 under Concessions/Financing type I chose the box Other (descibe) and on the line Other description I described what other financing was. This is the way I’ve been doing it since the start of UAD when necessary. Contacted my vendor and they (had to go to a supervisor) said oh just leave the Other description BLANK! I explained to them my system now states your report is not UAD compliant they said never mind we’ll just force it through! Can’t wait too see this thing go live…NOT

]]> By: Claire Ryder on Facebook https://appraisersblogs.com/appraisal/fannie-maes-collateral-underwriter-industry-update-white-paper/#comment-11408 Fri, 05 Dec 2014 15:09:34 +0000 http://appraisersblogs.com/?p=6758#comment-11408 thank you very much for sharing! nice we are in the dark. I think it is fear mongering personally but will definitely read every detail on this. I know I haven’t ever gotten a hard stop error but I will definitely be double checking on all of this

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