BLOG VIEW: Most are familiar with the appraisal standards used to identify the condition of homes during the appraisals process. Fannie Mae, Freddie Mac, HUD and VA use codes to simplify this process. These codes are C1 thru C6 the former being the best condition homes and the later the worst. These organizations often comment and review the use of these codes on appraisals and send letters to appraisers, lenders and underwriters on their
From Forms to Reports: A Look at the UAD Overhaul
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).
Ernie Durbin
April 15, 2024
