UAD Made EZ

By
Mortgage and Lending with RPM Mortgage, Marin County, CA CA BRE: 01297944
http://actvra.in/mk6
RPM Mortgage in California

Real Estate Professionals, 

By now we have seen our first wave of Uniform Appraisal Dataset (UAD) residential real estate appraisals come through.  The table below outlines the condition rating that can now be found on your properties' reports.  Note that RPM, along with many other conventional mortgage lenders, will not make loans on properties whose condition is lower than a C4 rating.

For appraisals required to be completed with the UAD, the appraiser must assign one of the following standardized condition ratings to identify the condition of the improvements for the subject property and comparable sales:

Appraisal Conditions
 

If you have any questions about the new appraisal procedures and how they might impact your transactions, don't hesitate to get in contact by phone at 877-270-5959 or e-mail at rspinosa@rpm-mtg.com.  I look forward to being of service!
 

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Robert J. Spinosa

Home Loan Professional
DRE: 01297944 NMLS: 22343

591 Redwood Hwy. Suite 1150
Mill Valley, CA 94941

877.270.5959 Toll Free
415.367.5959 Cellular
415.366.1590 eFax
rspinosa@rpm-mtg.com

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