Remove 2010 Remove Contracts Remove Legal Remove Lending
article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment.

Appraisal 397
article thumbnail

AVMs undergo compliance and regulation updates

Clear Capital

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

article thumbnail

Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

The AMC insists that as long as I disclose in the addendum that the zoning is currently ‘illegal,’ then I can mark on the first page as ‘Legal.’” Another student reported that in 2010 (after HVCC was void) a lender client told an appraiser they could not order appraisals directly with appraisers anymore…that they must use a third party.