Panel D

[larryhaskell]

I'm trying to help someone taking a test to be a LO. One question on the test asks them to define a panel D on an appraisal. It doesn't say what kind of a report it is. Has anyone ever heard of the term panel D relative to an appraisal? And no, I don't know why he wants to be an LO.

 

[Farm Gal]

Larry: Complete guess here but.... very unusual
(as in old and seldom used)
FIRM Flood zone map designation?

Defined as Area of Undetermined but Possible Flood Hazard.... as per one of my old schedules...

Shows as Panel D :?:

 

[Anonymous]

Lee Ann,

That is all I can come up with also. However, it might be some new stucco siding material with super weather proof capabilities.

I would also goback and look at URAR's from 2 or 3 generations previous. My guess (i dont have any anymore) is, wasnt that top right box for the lender to fill out called something like that?

It would be fitting for them to be testing on 10 year old data.

 

[Kelleen Hellmann]

I'm with everyone else. At first I thought you might be talking
ABCD paper (credit worthiness) but that makes no sense if it
is regarding the actual URAR.

 

[Dave Smith]

Maybe its a trick question, just to see if the LO is dumb enough for the job. :lol:

 

[Larry Lyke]

Larry --

I would hazard a guess that the word or phrase they are looking for here (for a succinct response) is:

-- "Flood map panel number suffix"

In an essay answer: It's the 4th issuance of that flood map panel.

He wants to be a LO because it's easy money. Once his appeite gets whet, he'll apply to appraiser school!

 

[Kelleen Hellmann]

:lol: GOOD ONE! Door County
Go Pack!

 

[Dan Tanner]

I saw a flood certification from a lender and it showed "Zone D". The reporting service was TransUnion. I agree w/ Lee Ann.

 

[Joker]

There's a test? Pity the fools who were dumb enough to flunk it :lol:

 

[jt]

If memory serves, Panel D is a committee of appraisers who job it is, is to investigate predatory lending... that is, if memory serves.