The Revised Fannie UAD Specs Dated 8-11-11
Fannie has updated some of their field specifications for performing UAD compliant reports:
Some of the updates include:
– Added additional clarity in Introduction and Purpose and Overview Sections.
– Added notation in multiple sections that additional information can be provided elsewhere in the appraisal report.
– Added clarification to Overall Condition rating.
– Provided clarity on View and Location factors on how to report multiple factors.
– Provided additional notation on Basement & Finished Rooms Below Grade.
– Provided additional notation on Price of Prior Sale/Transfer.
Click on link to read updated UAD spec’s: