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Uad Instruction For "stories" Box

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residentialguy

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I'm wondering if FNMA has put out any instructions on the number that appraisers are to put in for stories. I see in the UAD field D that they use 1.75 as an example and the fact that they have 2 decimal places to utilize would tell the appraiser with any common sense that you put a Cape COD as as 1.5 story, not a 2 story. The top story is 1/2 the size of the main level below. Duh! That said, common sense is not so common with appraisers...and if they see a house with a 1/4 story on top, they put down that it has 2 stories in the UAD box.

Any instruction out there on this?
 

Mike Kennedy

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top of page 16 IMPROVEMENTS

_______________________________________________________________________________________________________________________
UAD Appendix D: Field
-Specific Standardization Requirements Page 16 of 43 Document Version 1.6
Field - Specific Standardization Requirements

Improvements Section
Forms Requirement or Instruction
# of Stories

The appraiser must indicate the number of stories for the subject property. Do not use
any designators or descriptors, such as ‘1 story’ or ‘one story and a half.’

# of Levels
The appraiser must indicate the number of levels for the subject unit. Do not use any
designators or descriptors, such as ‘1 level’.
Reporting Format:
# of Levels –
Numeric, whole numbers only

https://www.fanniemae.com/content/technology_requirements/uad-specification-appendix-d.pdf
 

residentialguy

Elite Member
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Mar 24, 2009
Professional Status
Certified Residential Appraiser
State
Minnesota
top of page 16 IMPROVEMENTS

_______________________________________________________________________________________________________________________
UAD Appendix D: Field
-Specific Standardization Requirements Page 16 of 43 Document Version 1.6
Field - Specific Standardization Requirements

Improvements Section
Forms Requirement or Instruction
# of Stories

The appraiser must indicate the number of stories for the subject property. Do not use
any designators or descriptors, such as ‘1 story’ or ‘one story and a half.’

# of Levels
The appraiser must indicate the number of levels for the subject unit. Do not use any
designators or descriptors, such as ‘1 level’.
Reporting Format:
# of Levels –
Numeric, whole numbers only

https://www.fanniemae.com/content/technology_requirements/uad-specification-appendix-d.pdf
That's not instructing the appraiser on what a story is. To some, it's another story regardless of size
 

Mr Rex

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Most Cape Cods have dormers on the front so they are larger than 1.5 stories.
 

Mike Kennedy

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Professional Status
Certified Residential Appraiser
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NY, NJ, & NEW ENGLAND - CAPE COD - 1 story, 1.25 story, 1.5 story, 1.7 story - typical.
 

Mike Kennedy

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Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
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That's not instructing the appraiser on what a story is. To some, it's another story regardless of size

more than 1 story in fannie-speak = 2 story house in box. Explain in comments the actual style and # stories.
 

residentialguy

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Professional Status
Certified Residential Appraiser
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Minnesota
more than 1 story in fannie-speak = 2 story house in box. Explain in comments the actual style and # stories.
Source? Maybe you should re-read my OP. The UAD example states 1.75. ...the fact that they have 2 decimal places to utilize would tell the appraiser with any common sense that you put a Cape COD as a 1.25 or 1.5 or 1.75 story, not a 2 story.
 
D

Deleted member 134708

Guest
"Your number of stories varies significantly from your peers' model. Please conform to your peers even when they are wrong. You are messing our database up."

Not-sincerely. FNMA CU.
 

timd354

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Certified Residential Appraiser
State
Maryland
Source? Maybe you should re-read my OP. The UAD example states 1.75. ...the fact that they have 2 decimal places to utilize would tell the appraiser with any common sense that you put a Cape COD as a 1.25 or 1.5 or 1.75 story, not a 2 story.
In the markets in which I used to work, Cape Cods are typically 1.5 or 1.75 stories and should be reported that way
 
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