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Uniform Appraisal Dataset Aftereffects: Efficiency vs. Obligation
October 11, 2013
James B. Atwood, SRA
Hampton Inn at the Four Aces Casino
531 Main Street
to check state approvals
Sponsor / Contact
Wyoming and Western South Dakota
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, participants should 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!
Program materials can be downloaded by the student or can be picked up at the site.
PAASD, WY CHAPTER OF ASFMRA, OR SD CHAPTER OF ASFMRA MEMBERS, PLEASE CALL BEV LUKE - 605-716-9011 - FOR A PROMOTIONAL CODE.
IF THE SEMINAR MATERIAL WAS SHIPPED TO YOU, PLEASE BE REMINDED TO BRING IT WITH YOU TO CLASS. STUDENTS WHO REGISTERED AFTER THE DEADLINE DATE WILL PICK UP SEMINAR MATERIAL AT REGISTRATION.
Early Bird Fee expires Monday, September 30, 2013. After that date, the AI Price is $200 and the Full Price is $225.
NOTE NEW LOCATION.........
Holiday Inn Express (http://www.ihg.com/holidayinnexpress/hotels/us/en/deadwood/ddwsd/hoteldetail/directions)
Lee and Main Street
22 Lee Street
Deadwood, SD 57732
THERE ARE NO SLEEPING ROOMS AVAILABLE AT THE HOLIDAY INN EXPRESS.
HAMPTON INN/FOUR ACES STILL HAS A FEW ROOMS AVAILABLE
THE LINK TO DEADWOOD, SD (www.deadwood.org/basic) WILL PROVIDE OTHER HOTELS
Date: Friday, October 11, 2013
Seminar Time: 8:30am - 4:30pm Mountain Time
Check In: 8:00am Mountain Time
Morning and afternoon refreshments provided.
Lunch is on your own.
Guest room block at Hampton Inn (605-578-1893) reserved under "Appraiser Meeting".
For information regarding directions, additional hotels, and transportation from Rapid City Regional Airport, please contact Bev Luke @ 605-716-9011 or 605-381-9415. Or email to firstname.lastname@example.org
Students that do not wish to have their name, address, phone number and email address published to other students in the class must notify the Chapter five (5) days prior to the beginning of the seminar.