Uad

[Rich Heyn]

Then why are many clients requiring pages and pages of UAD definitions to be included in the report?

I'm speculating that it could be for several reasons. One might be to simply make things easier for underwriters to look up the definitions. Another might be that some clients think they will get fewer questions from borrowers if the definitions are included. Yet another may be that some AMCs think they gain competitive advantage by boasting that they make their appraisers jump through more hoops than their competitors.

In any event, the primary point of my post was that USPAP does not require us to write our reports so that everyone and anyone can understand them. If a client orders a UAD compliant appraisal, I don't think it's a USPAP violation to give them one without the definitions.

I refuse to include the UAD definitions in my reports for the reasons identified above and the UAD definitions are available from the UAD authors. The UAD definitions clutter the reports, bloat the report and open the Appraiser to liability due to the lack of definitions for everything else in the report

You'll get no argument from me on that, Alan. In addition to clutter and bloat, I think it panders to the notion that the appraiser is responsible to any reader of the report.

 

[glenn walker]

Good luck !!! LOL

 

[Riick]

I don't read UAD fluently. A few weeks ago I didn't make an adjustment
for a walkout basement - because I missed the little "o".
<unhappy>
You know it's gotten bad when you can't make sense of your own report.
.