UAD update

[Albert2]

Alamode is working continuously with the GSE’s on an updated UAD that will filter out all the bad and help appraisers perform better on reports. I spoke with a representative at alamode and they are hoping for a target date sometime in 2025. This obviously is not new news, but 2025 would be great if it can be accomplished. That saying, has anyone dealt with E&O recently suggesting removal of potentially biased words (not hard stops). My borrower’s last name was Temple on a report, thereby creating several warnings. Any suggestions how to word a blanket statement in your report that will satisfy an underwriter who is scrambling for revision requests?

 

[Dublin ohio]

Any suggestions how to word a blanket statement in your report that will satisfy an underwriter who is scrambling for revision requests?

Do you mean revisions for using so called no no words.

 

[Albert2]

Do you mean revisions for using so called no no words.

Yes

 

[Albert2]

mainly where it can’t be helped like the name of a borrower or a street (like Church Road). I was asked to remove Church Road and refused to do so. Stupidity.

 

[Dublin ohio]

mainly where it can’t be helped like the name of a borrower or a street (like Church Road). I was asked to remove Church Road and refused to do so. Stupidity.

Was it actually a person that requested the change or an automated system

 

[Albert2]

Was it actually a person that requested the change or an automated system

A person

 

[Mike Ault]

Tell them what I told one of my clients last month. "You just took up $50 of my time responding to your $0.50 review of my appraisal."

 

[Dublin ohio]

A person

If a person asked for that. No "blanket" statement will prevent stupid

 

[Dublin ohio]

mainly where it can’t be helped like the name of a borrower or a street (like Church Road). I was asked to remove Church Road and refused to do so. Stupidity.

Was it actually a person that requested the change or an automated system

A person

My guess is the "person" who asked for that revision was working off a checklist provided by a word search program. A check box monkey.

 

[residentialguy]