Process
The maximum amount of units on a property that UWM will be willing to lend on
What is 4 Units?
This report type must be created manually and cannot be ordered through EASE
What is a Desk Review?
This is a well-known appraiser who loves to complain about revisions, is liable to burst into tears at any moment, and usually holds people on the phone for at least 30 minutes
Who is Laura Conte?
This is the number one thing we are supposed to avoid discussing with the appraisers and clients
What is Value?
This is where/who we send the clients to when they are attempting to transfer an appraisal to a new lender
Their Account Executive
The 4 things that require us to call out every time
What are Change in Due Dates, Change in Fees, Document Requests & Information Requests?
This report can be done if an ACE+ PDR is initially completed but it is later determined a full 1004 would be needed.
What is a 70H/1004H Hybrid Report?
A document that we would extend the due date out if an appraiser didn't have
What is a Fully Executed Contract or Purchase Agreement?
We should never confirm or reveal this to the client even if they clearly already know
What is Who the Appraiser Is/The Appraiser's name?
In order to be a revision for our appraisers to address, a condition in EDGE must have this Alias
What is Appraisal?
This state does not require a COO. Because of this we cannot do CIR there because it needs a Residential Combination Inspector. Which is not an appraiser. Refer them to using a website to find and hire Res. Combo Inspector (RIC) to provide the needed documentation.
What is Texas?
This is an appraisal that UWM does not do, however we have an alternative process that does not include value and will need a final no matter what
What is a Land Appraisal?
3 of the 7 factors that go into determining an appraiser's Scorecard score
What are On-time Delivery, Revision Percentage, On-time Revisions, ROV, Report Deficiency, Customer Experience and Status Updates?
This is the maximum number of comparable properties a broker can submit when requesting an ROV.
What is five?
This team will place high-urgency revisions on appraisal orders after they have been Funded and/or Shipped. These revisions should never be removed and should not be communicated to the client or UW.
Who is Recourse & Remedy?
This report can be ordered to support the value of the first appraisal and must be ordered through Clear Capital
What is a Collateral Desktop Analysis (CDA)?
This is the new price of Property Completion Reports (PCRs)
What is $115?
These would be the report types in which we would share the original appraisal report with the appraiser
What are Final Inspections, Appraisal Update and Recert & Desk Reviews?
The client must have this in order for an Appraisal Direct leader to be able to update the Assigned AMC in EDGE.
What is an active condition stating that the loan is eligible for an ACE+ PDR?
This team can be contacted for an optional desk review of an appraisal.
What is Valuation Analysis (email: ValuationAnalysis@uwm.com)?
A drive by or exterior-only appraisal can only be done on this property type
What is a Single Family Home?
USDA does not loan on this property type
What is a Manufactured Home?
This would be a reason that an FHA Appraisal report that was completed recently would be "nullified" and is no longer valid, requiring the client to order a completely new appraisal
What is the FHA Case Number wasn't active at time of inspection/is dated after the effective date on the report?
These are the alphanumeric codes that get assigned to properties by the appraiser to identify the condition of the property
What is C1 - C6?
When a client does or says something that compromises the integrity of the appraisal, especially the value, we send an email to leadership so they can review and alert this specific department
Who is the RISK Department?