BuildFax provides information and data which is essential to completing the UAD improvement status section in appraisal reports.
An Extra Layer of Compliance Checks
Regulators such as the FDIC rely on forensic reviews of appraisals, and with the advent of UAD, Fannie Mae and Freddie Mac have been able to quickly perform quality reviews of appraisals, increasing the accountability of lenders.
Fact-Checking is Very Common
The introduction of UAD has put increased pressure on lenders to not only validate the value of proposed collateral, but also to ensure that the supporting valuation reports have been properly researched.
BuildFax Data Integrates Directly into ACI Report
Bring confidence to your analysis of the subject and comparable property analysis with research support from BuildFax. Your choice to take the extra step in structural analysis can benefit you and your lender/client.
For more information, click the “Chat with Sales” button at the top of your screen or call 800-234-8727. Add Choice Credits to your account to begin using BuildFax today.