"In a blog post on ServiceLink's website, Liz Green, senior vice president of valuation solutions, said that ServiceLink is the first appraisal management company to offer the guide to its appraisal panel at no extra cost. This guide will help our panel better understand and fulfill the new URAR quickly and efficiently, further positioning ServiceLink as an industry UAD 3.6 leader, adding to our readiness and preparedness efforts as we embark on the next phase of the GSE's timeline, Green said."
"The tool is intended to help appraisers navigate standardized terminology, field requirements and reporting rules under the updated format. The announcement comes as the mortgage industry prepares for broader adoption of UAD 3.6, with broad production scheduled to begin Monday, Jan. 26. Access to the new reporting format has been limited, as only a small number of appraisal software providers have received approval from the government-sponsored enterprises to produce the redesigned URAR, the company said."
ServiceLink is offering a free guide to its appraisal panel to support adoption of the redesigned URAR under UAD 3.6. The guide is designed to help appraisers navigate standardized terminology, field requirements and reporting rules within the updated format. ServiceLink frames the tool as reinforcing its leadership, readiness and preparedness for the next phase of the GSE timeline. Broad production of UAD 3.6 is scheduled to begin Monday, Jan. 26. Access to the new reporting format remains limited because only a small number of appraisal software providers received GSE approval. The guide aims to improve appraisers' familiarity with new requirements ahead of the transition and support adjustment to the updated dataset and reporting standards.
Read at www.housingwire.com
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