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We have replaced the previous appraisal QC requirements ...

Tom D

Senior Member
Gold Supporting Member
Joined
May 22, 2015
Professional Status
Certified Residential Appraiser
State
Pennsylvania
i love it when the lender asks you a question in lender lingo. now you're looking at it, and thinking wha da?
 

Sadie

Member
Joined
Mar 20, 2008
Professional Status
Certified Residential Appraiser
State
Oregon
i love it when the lender asks you a question in lender lingo. now you're looking at it, and thinking wha da?
I know. They don't seem to realize they can tell us exactly what they are looking for. It not some big secret. It reminds me of the Rush Hour move-"Do you understand the words that are coming out of my mouth?" when I do a revision for something that was already in the report.
 

Sadie

Member
Joined
Mar 20, 2008
Professional Status
Certified Residential Appraiser
State
Oregon
Just curious if anyone has noticed any changes since May 5th?

Here is a sample of what i have received back from a client:

  1. Author: peraygor Per the Fannie Mae CU-Collateral Underwriter UCDP Submission Summary Report (SSR) (Not the reviewer) Please address EACH item# by adding a comment for each one to complete: 1-The reported total living area for the subject is materially different than what has been reported in another appraisal of the same subject. 2-The condition adjustment for comps 2 & 3 is larger than peer and model adjustments 3-Modeled sales data indicates that there are no sales with a sale price higher than the reported opinion of value. Please review LCA and report sales to ensure that the appraiser has provided the most relevant and representative sales for the subject 4-The appraisal indicates the subject property has no garage but all of the comparable sales/listings have a garage. Please confirm the comparable property(ies) provided in the appraisal are the most appropriate and the appraisal supports their use. 5-The condition rating f
There is no way I can respond to a request like this.
 
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