What is a UAD form?
The Uniform Appraisal Dataset (UAD) defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields.
What is UAD report?
The UAD standardizes certain data points to support consistent appraisal reporting. Regardless of geographic location of the property or any localized reporting conventions, the UAD standardization includes: ▪ Standardized formats for fields that include dates, values, etc.
What is a 1004 UAD form?
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project.
Is there a 1025 UAD form?
UAD rating numbers are used for Quality and Condition. 1025 forms are not UAD coded, so why are these used? Please don’t tell me “the client said so” because the client is incorrect, and may not be aware. Use the standard wording for those items, and provide a definition description of the standard wording you use.
What is the purpose of the Federal Housing Finance Agency?
The Federal Housing Finance Agency provides supervision, regulation, and housing mission oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
What is a 1025 appraisal?
What is a Small Residential Income Property Appraisal Report (Form 1025)? This is the industry-standard appraisal report type for 2-4 unit residential properties. It is the most commonly used report format for two to four unit residential income property appraisals.
What does SFWO mean?
SFWO
| Acronym | Definition |
|---|---|
| SFWO | Sacramento Fish and Wildlife Office (US Fish and Wildlife Service; Sacramento, CA) |
| SFWO | Scaled Function Weighted Order (image processing) |
What is the most common appraisal form?
Form 1004. Form 1004 is easily the most common and widely used property appraisal form. And this is because the form is used for single-family residential properties. You use Form 1004 when you have to perform an exterior and interior inspection.
Is Federal Housing Finance Agency part of HUD?
The Federal Housing Finance Agency (FHFA) is a separate entity from the Federal Housing Administration (FHA). The FHA is part of the Office of Housing and Urban Development (HUD) and is responsible for providing mortgage insurance for approved lenders nationwide.