MLS numbers required?

[laurielutton]

Is it required by Fannie and Freddie that the MLS numbers be included for all comparbles in the report?
I have never done this and now have an LO telling me it is a requirement. I have always used apn #'s and tax record doc #'s.

 

[TC]

Short answer, NO.

Each UW/Reviewer seems to have their own set or rules, some require it, some don't. I have never put the MLS number on the report, and have never been questioned about it.

TC

 

[Tony V]

I have never seen it as required by Fan/Fred...but I was taught to put the #'s there..

 

[Riick]

F-'em... give them a pdf of the MLS listing, maybe that will make them happy.

 

[Restrain]

No one requires it. I like to see them. Sometimes it can trip up a phony sale. I did a field review on one, and our MLS has 8 numbers. The MLS numbers on the sales all had 7. Nailed a real fraudulent one there.

 

[Smokey Bear]

If I'm using it as a source, I put the number in. Not required, but good reporting practice.

 

[Kevin Mc]

F-'em... give them a pdf of the MLS listing, maybe that will make them happy.

If the MLS in your area is copyrighted, you can't do that (legally anyway)

 

[Deleted member 77547]

From what I understand, clients usually request MLS numbers to make it easier for their reviewers. But otherwise, no, it is not required.

 

[Riick]

Only reason it's desired is that there are sooooo many skippies that NO ONE believes the occasional honest appraiser.

OH... and don't forget to put a time & date stamp on your photos, together with a video of yourself with hand on Bible swearing you (honest injun!) inspected the property and drove the comps.

 

[timd354]

From what I understand, clients usually request MLS numbers to make it easier for their reviewers. But otherwise, no, it is not required.

No, it is not required unless the client has a supplemental guideline requiring it.

If the reviewer is geographically competent and has access to the proper data sources, including the proper MLS, for the areas that he/she is reviewing, then he/she can just as easily look up any comp in the MLS using the property address.