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REO Addendum

Discussion in 'a la mode (TOTAL)' started by David S. Roberson, Nov 17, 2010.

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  1. David S. Roberson

    David S. Roberson Senior Member
    Gold Supporting Member

    11
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Tennessee
    Here's the message the client sent:

    Client requires REO Addendum form REOAD 2 05302008 or RV. 0496 to be used when completing all REO Products. THE FORM YOU HAVE IS NOT WHAT WAS REQUESTED, AND WILL NOT COME THRU TO ENV FILE.

    Alamode says they don't have this form. Does anyone know what they want?
     
  2. Paul Stansberry

    Paul Stansberry Sophomore Member

    0
    Jan 23, 2002
    Professional Status:
    General Public
    State:
    Oklahoma
    Hi David -

    We do indeed have the form you're client is requesting, as well as the older qualitative REO form. However, the specific form you're talking about has not been approved by FNC yet for inclusion in the AI Ready specifications, and thus will not show in the OADI viewer (in the ENV file).

    My recommendation is to have your lender request FNC to include this form in the AI Ready specifications. Once they've done that, we'll be able to convert the form and include it in the ENV file.

    If I can be of any further help, don't hesitate to contact me directly.

    Thanks,

    Paul Stansberry

    Product Manager
    Real Estate Solutions Division
    a la mode, inc.

    E. paul@alamode.com

     
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