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Uniform Appraisal Dataset Aftereffects: Efficiency vs. Obligation
January 25, 2013
Sandra K. Adomatis, SRA
Sheraton Orlando North Hotel
600 N. Lake Destiny Drive
to check state approvals
Sponsor / Contact
You may think this seminar is a rehash of the Appraisal Institute's first Uniform Appraisal Dataset (UAD) seminar, but it’s
aware of the January 2013 changes?
Attend this seminar
and learn everything about avoiding “hardstop” errors, UAD callbacks, and “stips” due to non-compliance. Fannie Mae and Freddie Mac are tightening up on reports sent through the Uniform Collateral Data Portal, and starting in 2013 will no longer be passing through appraisal reports that formerly were allowed.
Consequently, lenders and their agents are stepping up their enforcement of the UAD and nonUAD rules. (If you don’t understand the definition of a “hardstop” or “rules” you really need to attend this seminar.)
Take the time
to learn how to avoid non-compliant UAD reports…new work will go to appraisers who understand the rules and can provide a higher level of client satisfaction and goodwill!
Upon completion of the seminar, you will be able to:
Understand how the UCDP acts as a gate-keeper by checking appraisal reports for UAD compliance.
Understand what “hardstops” are and how to avoid them.
Identify current “hardstops” and how to stay abreast of UAD-“hardstop” changes.
Understand what additional “hardstops” beyond the current UAD requirements are coming in 2013.
Identify commonly misinterpreted UAD data fields and nuances by reviewing extensive and varied “real-world” illustrations.
Recognize how UAD data is being collected, monitored, and analyzed on individual and aggregate levels by Fannie Mae and Freddie Mac.
Know how such UAD monitoring may influence future appraisal reporting.
Search Fannie Mae and Freddie Mac web sites from an appraiser’s perspective to stay abreast of appraisal- and UAD-related changes.
Understand what a lender’s obligations are under the new UAD representations and warranties...why lenders are putting reports under a magnifying glass.
Recognize the lender’s obligations when using third-party vendors to manage and control the appraisal process under the UAD.
You may think you’re too busy to attend, but really, you can't afford to miss it!
Up To 15 days prior to program start date, refund in full.
7 - 14 days prior to program start date, $50.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
Up To 15 days prior to program start date, no transfer fee.
7 - 14 days prior to program start date, $25.00 transfer fee.
Less than 7 days prior to program start date, no transfer allowed.
In order that we may comply with ADA, we need advance notice of any special needs you may have. Please provide written details of any special needs you may have under ADA on a separate page and send it in at least two weeks in advance in order that reasonable accommodations may be arranged.
We reserve the rights to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.
Program materials can be downloaded by the student or can be picked up at the site.
Registration and Continental Breakfast: 8:00 AM
Seminar: 8:30 AM - 5:00 PM
Membership Meeting and Lunch: 12:00 Noon LUNCH IS INCLUDED IN SEMINAR FEE
LOCATION: Sheraton Orlando North Hotel, 600 N. Lake Destiny Drive, Maitland
Hotel rooms: Call 407-660-9000 for a rate of $109 (mention Appraisal Institute).
Shuttle (approximately $40-$50 from MCO): Dove Transportation 407-862-2845, Quick Cab 407-447-1444.
Please note: If you opted to download the materials when you registered, you will not receive the seminar workbook. Bring a copy of the downloaded seminar materials with you or have them loaded on your laptop. You cannot attend the class without seminar materials. NO ADDITIONAL SEMINAR MATERIALS WILL BE AVAILABLE AT THE CLASS.
Continuing Education Credit:
Appraisal Institute - 7 Hours
FREAB - 7 Hours