Collateral Underwriting Appraisal Messages

[Deleted member 80407]

My software vender sent me a link for the Collateral Underwriting Appraisal Messages. The link is provided below.

https://www.fanniemae.com/content/release_notes/ucdp-change-notification-01262015.pdf

 

[Randolph Kinney]

So which message number did you get?

 

[knadave]

I just received my first CU request form an underwriter: "Sale #4 has a view of "B", however, other appraisers have reported the view for this property as "N".
This sale backs a golf course, the subject has a standard residential view backing other homes. This is going to be a nightmare if we are going to get this crap on every appraisal.

 

[Deleted member 80407]

I do not know why there are so many smart "Asss" on this forum. I only posted the web address to aid my piers and other appraiser's so they can recognize the different codes of the CU. Furthermore in my 22 year career, everything the CU is asking for I have been utilizing since I started doing retrospective reviews for Fannie Mae buy-back demands which is about 7+ years. Maybe if the skippies out there read what the CU is looking for, they may be able to produce more creditable reports. If I do not have unsupported comments to reply about a post, I do not reply to the post.

 

[Joe Flacco]

I just received my first CU request form an underwriter: "Sale #4 has a view of "B", however, other appraisers have reported the view for this property as "N".
This sale backs a golf course, the subject has a standard residential view backing other homes. This is going to be a nightmare if we are going to get this crap on every appraisal.

Can you share the client? Is it a report you submitted today?

 

[Esox]

Sent one off today. I hope I picked the right adjustments off the list.

 

[Yellow Fin]

I just received my first CU request form an underwriter: "Sale #4 has a view of "B", however, other appraisers have reported the view for this property as "N".
This sale backs a golf course, the subject has a standard residential view backing other homes. This is going to be a nightmare if we are going to get this crap on every appraisal.

I got 'FNM0422' and 'FNM0424'.... I supported the adjustments, but yeah, what if I get these messages from every appraisals?,, I guess I should not accept any order for a while.

 

[Deleted member 80407]

I just received my first CU request form an underwriter: "Sale #4 has a view of "B", however, other appraisers have reported the view for this property as "N".
This sale backs a golf course, the subject has a standard residential view backing other homes. This is going to be a nightmare if we are going to get this crap on every appraisal.

Couple of questions:
1: Does your appraisal software have aerial maps? When a view is impacted either good or bad, I show a blow-up aerial supporting my conclusion of the view.
2: Did your appraisal contain a picture supporting the view you concluded.
** Either the attached blow-up of the aerial map or the picture will support your call on the view.

WHO CARES what other appraiser's are doing as long as you have evidence to support your conclusions.

To my understanding, Fannie Mae is directing underwriter's to read thru the entire appraisal report when a flag is raise which should lessen unwarranted requests. I do believe that if appraisers would stop inputting unwarranted "BOILER PLATES", the underwriters would read more of our reports. Furthermore, when you want an under writer to read a statement, just put it in "BOLD".

 

[Joe Flacco]

I got 'FNM0422' and 'FNM0424'.... I supported the adjustments, but yeah, what if I get these messages from every appraisals?,, I guess I should not accept any order for a while.

So did they just let you know of the messages? Or did they ask you to respond to the messages or what?

 

[Yellow Fin]

So did they just let you know of the messages? Or did they ask you to respond to the messages or what?

I could read it in my status of work after uploaded the report in the system. No action required yet since it is not reviewed by underwriter yet.