New Fannie/Freddie Forms

[Non Sequitur]

Down the rabbit hole again, UAD 3.6 requires the subject's and comp HERS ratings. You can guess or at least search these two links (you can bet reviewers will):

Green Building Registry

The Green Building Registry (GBR) is a data solution that provides the most accurate green/energy efficiency data about a home at the time of sale.

us.greenbuildingregistry.com

Login - RESNET

Preview page of Metronic Admin Theme #1 for statistics, charts, recent events and reports

portal.resnet.us

 

[Terrel L. Shields]

HERS is a nothing burger and few homes are HERS rated

 

[Non Sequitur]

HERS is a nothing burger and few homes are HERS rated

Until you get caught up in an ROV and the borrower points out you missed it.

 

[alebrewer]

Now if anyone wants to drill into how answering "Most" to more than one comp makes any sense, that's a whole other debate.

But we already see that all the time, no? I've read countless reports that state, "Most weight was afforded Comps 3 and 4."

 

[DWiley]

Down the rabbit hole again, UAD 3.6 requires the subject's and comp HERS ratings.

That is not a requirement. There are optional fields for reporting energy efficient and Green Items, but those fields only display when the appraiser uses them.
That is the difference between the static forms that we have used (current UAD) vs a dynamic data set (new UAD).
Look at the SF5 example posted on the GSEs' web sites.

 

[Artemis Fowl]

It should be renamed the Home Energy Rating Promotion & Estimate System

 

[Non Sequitur]

That is not a requirement. There are optional fields for reporting energy efficient and Green Items, but those fields only display when the appraiser uses them.
That is the difference between the static forms that we have used (current UAD) vs a dynamic data set (new UAD).
Look at the SF5 example posted on the GSEs' web sites.

Thanks for the clarification. The sample form Fannie SF1_Appraisal_v1.2 posted shows the field and I lifted the links from someone I thought was knowledgeable (see below). My apologies for the fake news posted, I thought the source was correct.

 

[Non Sequitur]

But we already see that all the time, no? I've read countless reports that state, "Most weight was afforded Comps 3 and 4."

Good point.

 

[DWiley]

Thanks for the clarification. The sample form Fannie SF1_Appraisal_v1.2 posted shows the field and I lifted the links from someone I thought was knowledgeable (see below). My apologies for the fake news posted, I thought the source was correct.

To be clear, it must be reported when it exists. That is NOT a new policy.

https://guide.freddiemac.com/app/servicing/section/5601.4

 

[Dublin ohio]

That is not a requirement. There are optional fields for reporting energy efficient and Green Items, but those fields only display when the appraiser uses them.
That is the difference between the static forms that we have used (current UAD) vs a dynamic data set (new UAD).
Look at the SF5 example posted on the GSEs' web sites.

Correct me if I am wrong. But it my understanding that many of the fields only appear if the "situation" exists