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Today’s Residential Appraisal with the New UAD
Webinar
11 AM CT
Presenter(s): John Forsythe Alan Hummel
Duration: 1 hour
Pricing:
$299 - Live, Download or CD
$249 - (for Affiliation Members)
$349 - Live + Download or Live + CD
UMDP. UAD. UCDP. Welcome to the brave, new, much altered world of residential appraisals. Effective September 1, as part of a coordinated effort to improve appraisal reporting and reduce lending risks (the Uniform Mortgage Data Program), Fannie and Freddie began requiring lenders to submit appraisal information in a standardized format (the Uniform Appraisal Dataset) and deliver it via a new platform (the Uniform Collateral Data Portal). Join us for this timely seminar to learn how these changes will affect lenders and appraisers and what you need to know to make sure your loans aren’t tripped up by appraisal flaws.
Alan Hummel, SRA and John Forsythe, SRA, of Forsythe Appraisals, LLC, will explain:
- The Uniform Mortgage Data Program (UMDP) :
- What the GSEs want
- Who is responsible for what
- The Uniform Appraisal Dataset (UAD):
- A new approach for appraisers
- New standards for “acceptable” property conditions
- New underwriting considerations for lenders
- The Uniform Collateral Data Portal (UCDP)
- How to deliver appraisal data to the GSEs
- How to prepare Submission Summary Reports (SSRs)
BIO:
John Forsythe Alan Hummel
Since 1940, Forsythe Appraisals, LLC has built a reputation based on a legacy of delivering legendary customer service and the highest quality appraisals. The firm’s long-standing commitment to W2 appraiser-staff model ensures quality and consistency throughout the organization and continues to attract and retain the highest caliber appraisers in the industry. With branch offices strategically located to serve metropolitan areas from coast to coast, Forsythe Appraisals offers more full-time staff appraisers than any other independent appraisal company in the country. Through its wholly owned subsidiary Valocity, provides appraisal services in all 50 states. For more information visit www.forsytheappraisals.com.
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