Re-use properties with SmartAddress

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New Freddie Mac UCDP hard stops effective June 30th

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Back in April, Freddie Mac announced changes to their UCDP feedback messages effective June 30th.  An upcoming update for TOTAL and WinTOTAL will include changes to E&O messages to address the new requirements.  As always, these updates are free as one of the many benefits of your membership.

Re-use properties with SmartAddress

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UAD FreeForm Mode: the View field

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New UCDP hard stops effective Monday, 1/26

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On Monday, January 26th, 22 UAD rules will be upgraded to hard stops.  If you're a TOTAL or WinTOTAL user on the latest update, your E&O PowerView has already been upgraded to give you a fatal warning for the issues listed below. 

  • The sales contract was not analyzed.

  • There was no comment on market conditions, even though one or more negative housing trends were indicated (for example, declining, over supply, over 6 months).

  • Less than three settled sales were used as comparables.

  • Research of prior sale was not performed.

  • State certification is not provided on transaction amount over $1 million.

  • Appraiser license state does not match subject property state.

  • Supervisor license state does not match subject property state.

  • Present use is indicated as not highest and best use.

  • The appraisal indicates that the subject property has legal nonconforming zoning and cannot be rebuilt to the current density.  This data indicates that the property is ineligible for delivery to Fannie Mae.

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