New test URAR, series of test forms unveiled by Fannie

Based largely on appraiser input, Fannie Mae has revised its series of proposed new test forms. The new Test 1004 provides additional narrative and comment space, restoration of standard format for cost and income approaches, an expanded sales comparison grid, and more, including appending what had been the test 1004b, Definitions, Statement of Limiting Conditions, and Appraiser's Certification, as pages 4-6.

Here are links to PDFs of the new forms from Fannie's website: 1004, 1004c, 1004d, 1025, 1073, 1075, 2000, 2000a, 2055, 2090, 2095. Some of the PDFs (as of this writing) are secured so as to prevent printing or text-copying. That's on Fannie's end, not ours (and hopefully will be fixed soon).

As you know, we drop everything when a major new form comes out (let alone 11!), and we plan to have the new test URAR out for beta testing by no later than next week. Others will follow shortly thereafter. We pride ourselves (justly) on getting these forms into WinTOTAL users' hands via ICU faster than any other vendor, and we don't plan to change that for this new round of Fannie test forms.

Fannie is still interested in your feedback, which it asks that you send it by December 15 not much time! You can e-mail test_appraisal_forms@fanniemae.com with comments or concerns.

Today's News Stories from Bankrate.comĀ®:
 
Taxpayers abroad can limit US taxes
3/9/2010 6:00 PM
Shorten Uncle Sam's global tax reach by claiming the foreign income exclusion. Here are some rules...Read More
 
Best ways to establish credit
3/9/2010 6:00 PM
When you can't qualify for a regular credit card, other payment cards can help build your credit score...Read More
 
Brokerages offer big credit card rewards
3/9/2010 6:00 PM
Brokerages offer generous rewards when investors use their credit cards...Read More
 
Under 21? Credit cards hard to get
3/9/2010 6:00 PM
The new credit card law aims to protect those under 21. Here are options for getting cards...Read More
 
Why do you apply for a credit card?
3/9/2010 6:00 PM
Readers say what features are most important when they apply for a new credit card. Do you agree...Read More



This service is supplied by Bankrate.com and is protected by copyright and owned by Bankrate.com.

Rich Galpin 25105-B Marguerite Pkwy #221 Mission Viejo, CA 92692
Phone: Cell: Fax:

Staff Profiles | Testimonials | Contact Us | What is an Appraisal | Client Login | Order an Appraisal | Appraisal Myths | Estate Appraisals | Download Adobe Acrobat | Real Estate News | Our Technology | About PMI | Services | Home | Mortgage Points Calc | 15 vs 30 Year Mtg Calc | Refi Interest Savings Calc | Why Order Online? | Faster Appraisals | Appraisal Video | Technology Video | What is USPAP? | Appraisal Reviews

Copyright © 2010 Rich Galpin
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map