Collateral Underwriter (CU)

[normando]

omg, 100 yrs in this business. are you writing nw, se. i never tried that. probable won't, but that thought never crossed my maps. and i do have parts of the city known as north, northeast, south, southwest. there is a debate in my head when the boundaries are that way. maybe that would explode CU.

Writing NE, SW, is not the problem. Fitting the boundaries descriptions usually doesn't fit in the tiny section in the report. I spend time abbreviating and changing the fonts. Don't understand why the fonts can't be small. I'm from the old school in which I want everything read on same page and not refer to pages of addendum. It's cleaner, easier to read, and more professional looking.

 

[normando]

omg, 100 yrs in this business. are you writing nw, se. i never tried that. probable won't, but that thought never crossed my maps. and i do have parts of the city known as north, northeast, south, southwest. there is a debate in my head when the boundaries are that way. maybe that would explode CU.

Writing NE, SW, is not the problem. Fitting the boundaries descriptions usually doesn't fit in the tiny section in the report. I spend time abbreviating and changing the fonts. Don't understand why the fonts can't be small. I'm from the old school in which I want everything read on same page and not refer to pages of addendum. It's cleaner, easier to read, and more professional looking.

 

[Doug in NC]

I am just trying to figure out how I would react if a professional service provider told me that he/she was going to have to charge more if I expected him/her to comply with professional standards that have been in place for several years now

Based on my conversations with software providers and looking at my own data, over 15% of reports that require UAD still have UAD errors in them. That is amazing to me given all the UAD seminars that were offered, the UAD checking systems in forms software and all the UAD material that is readily available.

The requirement to specifically state north, south, east, west has been a UAD requirement since it first rolled out back in 2011. I still have the books from all those seminars I taught that summer.

You missed a key word in my statement - "properly". I did use and have always used the directional boundaries since it became a requirement, but the technical review I received didn't like something about the way I had worded it. It spit out canned rules like "W should never be used for West" (of course, I didn't do that). I ended up changing where I had used "I' to Interstate and changed "Hwy" to Highway. This seemed to satisfy the rules program.

Another little statement I had to add: "Utilities were on functioning at the time of my inspection." Obviously, a program is scanning the appraisal for key words. I've tried to add that statement in all my appraisals lately, but since I hadn't done an appraisal for this AMC in awhile, it wasn't in my canned comments yet.

 

[djd09]

key words.

I was going to say how did CU catch the boundary. That section is not uad. Now it is key word coded?

 

[The Bob]

Try North East, South West...

That will probably fly through

 

[DWiley]

I was going to say how did CU catch the boundary. That section is not uad. Now it is key word coded?

That is not new. Many systems that check UAD compliance have had key word search capability from the beginning of UAD

 

[djd09]

But if i put northeast or southwest in my boundaries it does not come up as a uad error. If i leave the carport empty it reads that so called error. Is it CU or another review system?

 

[timd354]

Based on my conversations with software providers and looking at my own data, over 15% of reports that require UAD still have UAD errors in them.

When you think about it, the bottom 10 or 15% of just about any profession (including the appraisal profession) is composed of slackers, idiots, and just plain ol' incompetent people, so that number really should not be all that surprising.

 

[timd354]

Don't understand why the fonts can't be small.

Maybe because user of appraisals actually want to be able to read the appraisal report

 

[djd09]

Maybe because user of appraisals actually want to be able to read the appraisal report

Do they need eye exams?

When you think about it, the bottom 10 or 15% of just about any profession (including the appraisal profession) is composed of slackers, idiots, and just plain ol' incompetent people, so that number really should not be all that surprising.

Yes like Franklin Raines?