Listing Comparables for 1073

[Robert Calatrello]

Is there a Listing Comparables Analysis page specifically for the 1073? I've got an underwriter bounced a report because I used a generic Listing Comp. page, but I can find no other.

I suspect the correct answer is that the use of listings is not a fannie mae requirement and therefore no specific form exists, but want to be sure before I respond to UW.

 

[Sid Holderly]

Do they want you to put the listings on an extra comps page? Some companies require the listings on an additional comps page for some reason.

 

[Robert Calatrello]

No they want it on a "1073 Comparable Listings Analysis" page. My old software had one but in looking at it, it appears to be the same form I already sent, except it has "Fannie Mae Form 1073 10-94" at the bottom. Maybe there's a way to add that to the bottom margin andI can move on with my life.

 

[Lee Lansford]

Is there a Listing Comparables Analysis page specifically for the 1073? I've got an underwriter bounced a report because I used a generic Listing Comp. page, but I can find no other.

I suspect the correct answer is that the use of listings is not a fannie mae requirement and therefore no specific form exists, but want to be sure before I respond to UW.

Let me guess: the form that you used for comps 4 etc. does not allow for UAD-compliant reporting (and UAD is required).

 

[jdbiggers]

I do not have a specific Listings form for the 1073. Most people just use the standard listings form and use the extra spaces for the condo-specific items.

However, it is something that I am working on and is in a group of about 50 new forms I am about to release.

As for "comps 4-6 not being UAD Compliant," you can be UAD compliant just fine with the additional comparables page.

I agree that the listings SHOULD BE on a "LISTINGS" page ant NOT included on the "Sales Comparison Anaylsis" page even if they are "comps 4-6" simply because it is misleading and skews the results of the sales data.

This is why I am working on this specifically. I will probably have about 9 or ten of these new forms out by the end of today, INCLUDING THE 1073 LISTINGS FORM (which will also work with the 1075).

JD
NCVSoftware

 

[residentialguy]

Looks like JD is resolving it. Still, the UW is full of crap. Tell the UW to send that fannie mandate over to you. I use a generic listing page...never had a problem. Why? Because no such mandate exists.

 

[jdbiggers]

Sorry it took longer than expected, but a new form dedicated to Listings for the 1073 and 1075 are now in the current build (Build 192). I also added some StreetLinks forms that I was sent me copies of.

JD
NCVSoftware