Quality and Condition Ratings

[CGgonnabee]

I completed a manufactured home assignment three months ago and today I got this: "Please address the following asap, per the lenders request: The appraisal ratings for quality and condition do not meet the new appraisal standards"

Did I miss a memo? Since there is no UAD Compliant Form for manufactured housing, is it necessary to compy with UAD ratings?

 

[Mr Rex]

UW=Idiot, Imbecile

 

[CANative]

Send that to them in an email.

 

[mark hurlock]

I completed a manufactured home assignment three months ago and today I got this: "Please address the following asap, per the lenders request: The appraisal ratings for quality and condition do not meet the new appraisal standards"

Did I miss a memo? Since there is no UAD Compliant Form for manufactured housing, is it necessary to compy with UAD ratings?

Did the original request ask you to use UAD format?

 

[sputnam]

Mark got it. UAD isn't required, but can be accepted for 1004C reports. If they didn't ask for UAD up front, I'd charge them to convert the report.

 

[CGgonnabee]

Didn't say squat about UAD on the order.

I just wanted to be sure that I hadn't missed something...wouldn't be the first time I missed a memo!

 

[3 Putt]

Even though reports are not for UAD (FNMA 1004, 2055, 1073, 1075) they can still be sent down the magic portal.