Orlando Appraisal Blog

UAD "Hard stops" to start 6/22/13
June 21st, 2013 12:44 PM

Beginning June 22nd, electronic appraisal files submitted to the UCDP will be rejected unless they include the UAD fields for appraisal effective date, subject contract price and comparable sale price, above grade gross living area (for subject property and comparable sales) and sale type [Sales or Financing line] (for subject property and comparable sales).

To date, UCDP has returned warnings when this data is not present in an effort to allow lenders to acclimate to the technology and operational processes.

Avoid these errors by using your report software built-in UAD compliance checker prior to signing the report.

Sunbelt Appraisals - Orlando Appriasers

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Posted by Alexis Olmo on June 21st, 2013 12:44 PMPost a Comment

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