CU Warnings (i.e. Fnm0614 )

[TRESinc]

Try putting this verbiage in your reports:

The UAD is not flexible and employs a "best fit methodology" (from limited choices) as opposed to user defined terms. In some cases, the appraiser's rating from the UAD list may conflict with another's opinion of the same attribute. If required, the appraiser completed the report to comply with the UAD while considering the observed characteristics of the subject and comparables and factored those into the value reconciliation. The appraiser attempted to obtain an adequate amount of information in the normal course of business regarding the subject and comparable properties.

that won't do any good, the CU doesn't "read" the entire report

 

[Tom D]

i've never had a CU tag, so i guess that all of you are using my adjustments properly in group thought. i was curious, how many comps did you use in the original report?

 

[Noreen]

that won't do any good, the CU doesn't "read" the entire report

This is true!! one of the three I've had was a condo, GLA did not match and my adjustments were not "what my peers utilized"... I had the recorded deed IN THE REPORT, it was right under their noses and they never read it, of course my adjustments were different, I utilized the deed recorded SF..DUH!! the other one was a 3200 SF colonial in a small town near here, the comparables they sent me were for three & four towns over of 1700 SF through 2200 SF, not even on the highway to comparable!!!.. I thought a human was to review these CU findings before they send them out ? And the third one did not even fall within FNMA preferred guidelines. There is no way that I can reasonably respond to what another person thinks.

 

[TRESinc]

I thought a human was to review these CU findings before they send them out ?

technically the lender staff is supposed to review the CU findings, determine if they are credible or applicable, digest them and then present it to the appraiser. sadly there are far too many of them who just copy/paste the CU results and send them on their way. not much we can do about it on our side...