Our first issue covers Day 1 Certainty, including Property Inspection Waivers (PIWs) and certainty on appraised value, Collateral Underwriter (CU) stats, and Selling Guide updates relevant to appraisers.
|Form 1004||Uniform Residential Appraisal Report|
|Form 1004C||Manufactured Home Appraisal Report|
|Form 1004D||Appraisal Update and/or Completion Report|
|Form 1004MC||Market Conditions Addendum to the Appraisal Report|
|Form 1007||Single-Family Comparable Rent Schedule|
|Form 1025||Small Residential Income Property Appraisal Report|
|Form 1073||Individual Condominium Unit Appraisal Report|
|Form 2000||One-Unit Residential Appraisal Field Review Report|
|Form 2000A||Two- to Four-Unit Residential Appraisal Field Review Report|
|Form 2090||Individual Cooperative Interest Appraisal Report|
We have clarified that appraisal trainees may perform property inspections; will allow use of dollar-for-dollar adjustments to financing or sales concessions based on local market reaction; and are providing flexibility on comparables in new projects or subdivisions.
These FAQs provide information on lender and appraiser responsibilities related to environmental hazards, specifically in connection with properties impacted by the water crisis in Flint, Michigan.
The UAD was jointly established by Fannie Mae and Freddie Mac to provide common requirements for appraisal data.