UCDP Proprietary Messages -specific feedback messages for appraisals submitted to in the Uniform Collateral Data Portal (UCDP ). The content in brackets represents dynamic values. *Message text updated effective October 28, 2017 List of Hard Stops The following table lists hard stops that can be generated as part of an appraisal data submission. Hard Stop Code *FRE001 FRE700 FRE800 This appraisal is not eligible for collateral representation and warranty relief. Please review the findings below for more detail. Please review the findings with a Fatal severity below for more detail Appraisal failed one or more findings classified as a warning. Please review the findings with a severity below for more detail. Type FRE000 This appraisal is eligible for collateral representation and warranty relief, pending an assessment of the loan. Autooverridable Autooverridable Nonoverridable Autooverridable October 28, 2017
List of Findings The following table lists findings that can be generated as part of an appraisal data submission. There are gaps in the numbering of the s in the table below. This is intentional. FRE0000 FRE0001 FRE0002 This appraisal is eligible for collateral representation and warranty relief, pending an assessment of the loan. This appraisal is not eligible for collateral representation and warranty relief. (One or more of the following messages may be returned along with the above text) The HVE service is unavailable. If this is a purchase or refinance transaction, please resubmit your appraisal at a later time to be considered for collateral rep & warranty relief. Data inconsistencies exist that impact the quality and/or eligibility of the appraisal. Please review the findings for additional information. The overall quality of the appraisal is insufficient. Please review the findings for more detail. Considering HVE results obtained for this transaction, the risk of overvaluation is not within limits. This finding cannot be resolved with a resubmission. has low confidence in valuation data obtained from HVE for this property. This finding cannot be resolved with a resubmission. A high degree of dissimilarity is observed for provided comparable sales and model sales. This finding cannot be resolved with a resubmission. was unable to obtain sufficient data for recent and similar sales to evaluate the comparable sales provided. HVE results are not available for this property. Please review the HVE findings for additional information. This property type is ineligible for collateral rep & warranty relief. Appraisal Quality Risk is assessed at [Appraisal Quality Risk Score] indicating a [Risk Level] risk of appraisal deficiencies. N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
FRE0007 FRE0008 FRE0009 Valuation Risk is assessed at [Valuation Risk Score] indicating a [Risk Level] risk of overvaluation. Valuation Risk is assessed at [Valuation Risk Score] indicating a [Risk Level] risk of undervaluation. Valuation Risk is assessed at [Valuation Risk Score] indicating a [Risk Level] risk of under or overvaluation. N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A FRE1001 The gross living area for the subject property ([GLA] sf) varies by more than [X]% and [Y] sf from public records ([GLA] sf). Please confirm the reported gross living area for the subject property is accurate and adequately supported. The gross living area for the subject property ([GLA] sf) varies by more than [X]% from public records ([GLA] sf). Please confirm the reported gross living area for the subject property is accurate and adequately supported. GLA FRE1003 FRE1006 The subject reported gross living area of [GLA] sf, is [larger] than [X]% of homes within the vicinity which range from [GLA] sf to [GLA] sf. Please ensure that the provided sales adequately support the marketability of the subject property. The bedroom/bathroom count for the subject property (Bed: [ (Bedroom Count)], Bath: [ (Bathroom Count)]) varies from the public record value of (Bed: [ (Bedroom Count)], Bath: [ (Bathroom Count)]). Please confirm that the bedroom/bathroom count is correct and supported within the appraisal. N/A N/A N/A N/A N/A N/A N/A N/A
FRE1009 FRE1011 The site area for the subject property ([Site (Site Area)] sf / [Site (Site Area)] ac) varies from public records ([Site (Site Area)] sf / [Site (Site Area)] ac). Please confirm the reported site area for the subject property is accurate and adequately supported. The site area for the subject property ([Site (Site Area)] sf / [Site (Site Area)] ac) varies from historical reports ([Site (Site Area)] sf / [Site (Site Area)] ac). Please confirm the reported site area for the subject property is accurate and adequately supported. The site area of the subject property ([Site (Site Area)] sf) / (or [Site (Site Area)] ac)) is [large] compared to properties in the vicinity. Out of [X] properties, [Y]% are between [Site (Site Area)] sf (or [Site (Site Area)] ac) and [Site (Site Area)] sf (or [Site (Site Area)] ac). Please ensure that the appraiser has adequately addressed the marketability of the subject property. N/A N/A N/A N/A N/A N/A N/A N/A FRE1014 The subject s reported age [Actual Age] varies from historical reports: ([Actual Age] years). Please confirm the subject age has been accurately reported. The subject s reported age [Actual Age] varies from public records ([Actual Age] years). Please confirm the subject age has been accurately reported. Actual Age FRE1016 The year built of the subject property ([Year Built]), is [newer] than properties in the vicinity. Out of [X] properties, [Y]% were built between [Year Built] and [Year Built]. Please confirm the reported year built for the subject property is accurate and adequately supported. N/A N/A N/A N/A
FRE1030 FRE1031 FRE1033 FRE1035 FRE1036 The one-unit housing trend property value is noted as [Stable] but the trending of price per square foot for properties in the vicinity indicate that the values are [declining] by [X] % over the last 6 months. Please confirm the one-unit housing property value trend is accurate and supported. The price-per-square foot of the subject property ([Sale Price/Gross Liv. Area])/sf is [lower] than the average of [X] recent sales within the vicinity. [(Average = $Y/sf; Standard Deviation = $Z)]. Please confirm the comparable sales provided in the appraisal are among the most appropriate available. The gross living area for the subject property is zero. Please obtain an updated appraisal and resubmit. A very wide value range is detected. Similarly featured comparable sales within the vicinity range from [(minimum value) (maximum value)]. Please ensure that the sales used are among the most appropriate available. A moderately wide value range is detected. Similarly featured comparable sales within the vicinity range from [(minimum value) (maximum value)]. Please ensure that the sales used are among the most appropriate available. The Approach contains no value conclusion. Please correct and resubmit. The Income Approach contains no value conclusion. Please correct and resubmit. The Reconciliation section does not contain text. If comments are provided on an addendum, a notation should be included here referencing the addendum. Please confirm that commentary has been provided and ensure that a reference to this commentary is present in the reconciliation. N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
FRE1037 The appraiser indicated no prior transfer of the subject property and a date or price has been provided. Please verify that the correct information has been provided. The appraiser indicated a prior transfer of the subject property and a date or price has not been provided. Please verify that the correct information has been provided. N/A N/A N/A N/A FRE1038 One or more of the following messages is returned: Appraiser's name matches borrower name. Please confirm the appraiser has no present or prospective interest in the subject property. Appraiser's name matches ownership name in public records. Please confirm the appraiser has no present or prospective interest in the subject property. Appraiser's address matches ownership address in public records. Please confirm the appraiser has no present or prospective interest in the subject property. N/A N/A N/A FRE1039 The condition rating of the subject property is reported to be [GSE Overall Condition Type]. If this loan is not a Relief Refinance Mortgage, the property is not eligible for sale to. Condition GSE Overall Condition Type FRE1040 The report is missing a Legal. Please correct and resubmit. Legal Legal Text Fatal
FRE1041 A prior appraisal with an effective date of [Appraisal Effective Date] was found for the subject property indicating the subject to be a '[SFR] ; whereas the submitted appraisal indicates a '[MFR]'. Please confirm the Type is correct. Out of [A] prior reports ranging from [minimum of range] to [maximum of range] old, [B] have been found indicating the subject property to be a '[Multifamily]'; whereas the submitted appraisal indicates a '[SFR]'. Please confirm the Type is correct. A prior appraisal with an effective date of [Appraisal Effective Date] was found for the subject property indicating the subject property contains [1] unit[s]; however, the submitted appraisal indicates [2] unit[s]. Please confirm that the unit count is correct. Out of [C] prior reports ranging from [minimum of range] to [maximum of range] old, [D] have been found indicating the subject property contains [E] unit[s]; however, the submitted appraisal indicates [F] unit[s]. Please confirm that the unit count is correct. N/A N/A N/A N/A FRE1042 The Owner of Record is missing. Please correct and resubmit. Owner of Public Record GSE Owner FRE1045 One or more of the following messages is returned: The appraisal does not contain an assessor s parcel # (APN). Please ensure that the report contains an APN or appropriately addresses the lack of an APN. The appraisal does not contain an assessor s parcel # (APN). Our internal records indicate an APN of [(APN)]. Please ensure that the appraisal contains an APN or appropriately addresses the lack of an APN. Assessor's Parcel # GSE Assessor s Parcel Identifier FRE1046 Considering prior sale amounts and home price index data, the trended value for the subject property is at least 15% (lower/higher) than the appraised value of this property. Please confirm that the opinion of market value is accurate and supported. N/A N/A N/A N/A N/A
FRE1047 FRE1048 FRE1049 FRE1050 One or more recent appraisals were found with an opinion of market value that varies from the current report by at least [X]%. Please ensure that the final opinion of market value is accurate and supported. The location of the subject property is reported to be [Neighborhood Location Type], but prior appraisals of the subject indicate that the location may be [Location]. Please confirm that the reported location type is accurate, and that the analysis and conclusions are not based on an incorrect assessment of the subject location. [X] prior appraisals within [Y months] indicate that the subject does not generally conform to the neighborhood. Please ensure that the property meets requirements for value, condition, and marketability. Modeled sale data indicates that there are at least [X] sales with a sale price ["higher" / "lower"] than the reported opinion of value. Please review LCA and report sales to ensure that the appraiser has provided the most relevant and representative sales for the subject. N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A FRE1057 is unable to process this appraisal due to a missing Appraised Value of the. Please correct and resubmit to receive results and clear the associated hard stop. Reconciliation Final Estimate of Value Appraised Value Amount FRE1058 One or more of the following messages is returned: is unable to process this appraisal due to a missing Address. Please correct and resubmit to receive results and clear the associated hard stop. is unable to process this appraisal due to a missing Zip Code. Please correct and resubmit to receive results and clear the associated hard stop. is unable to process this appraisal due to a missing Address and Zip Code. Please correct and resubmit to receive results and clear the associated hard stop. N/A N/A
FRE1059 is unable to process this appraisal due to a missing Effective Date of Appraisal. Please correct and resubmit to receive results and clear the associated hard stop. Reconciliation Date of Final Value Appraisal Effective Date FRE1060 The quality rating of the subject property is reported to be [GSE Quality of Construction Rating Type]. If this loan is not a Relief Refinance Mortgage, the property is not eligible for sale to. Quality GSE Quality of Construction Rating Type FRE1064 The gross living area for the subject property ([GLA] sf) varies by more than [X]% from up to [Y] prior appraisals on the subject property within the last [Z] months. Please confirm the reported gross living area for the subject property is accurate and adequately supported. GLA FRE1065 The site area for the subject property ([ Site Area]) varies from at least one prior appraisal by at least [X]%: ([Appraisal Effective Date] - [ Site Area]). Please confirm that the reported lot size is correct. N/A N/A N/A N/A FRE1066 The appraisal does not report a prior transfer of the subject property within 3 years, however, public records reports a prior transfer of the subject property [sale/transfer date], [sale/transfer price]. Please confirm the appraiser has accurately reported the prior transfer of the subject property. N/A N/A FRE1074 The subject is required to be a [Condition Rating] condition rating. N/A N/A N/A N/A FRE1075 The contract price of [Contract Price] is [X]% greater than the most recent MLS list price of $[MLS List Price]. Please confirm that the information provided is accurate. Reconciliation Final Estimate of Value Appraised Value Amount
FRE1084 The report is missing a selection for Adverse Site Conditions. Please correct and resubmit. It appears that Adverse Site Conditions exist, but were not described. Please correct and resubmit. s 1004/2055 = Site s 1073/1075 = Project Site Are there any adverse site conditions or external factors? N/A FRE1085 The report is missing a selection for Rights Appraised. Please correct and resubmit. It appears that "other" is selected for Rights Appraised, but a description is missing. Rights Appraised N/A FRE1086 The signature date is prior to the Effective Date of the report. Please correct and resubmit. N/A N/A N/A Fatal FRE1087 The appraiser's name is missing. Please correct and resubmit. Appraiser's Certification: Appraiser Appraiser Appraiser Fatal FRE1091 The appraisal indicates that more than [X]% of the total units in the project are owned by a single entity and that the developer/builder is not in control of the HOA. Please ensure that the mortgage associated with this appraisal is eligible for sale to. Project Information N/A N/A N/A FRE1092 The appraisal report indicates that the subject s Project is [Project ]. Please verify that the project is a not a [hotel] and that the mortgage is eligible for sale to. Project Project
FRE1093 The appraisal report indicates that the zoning is Legal Nonconforming and that rebuilding to current density is not permitted. Please ensure that this mortgage is eligible for sale to. Project Site 1. Zoning Compliance Legal Nonconforming 2. Do the zoning regulations permit rebuilding to current density? No 1. Site Zoning Compliance Type 2. Site Zoning Permit Rebuild To Current Density FRE1094 The appraisal indicates a purchase transaction but the contract of sale was not analyzed by the appraiser. Please confirm that the contract has been provided to and analyzed by the appraiser. 1. 2. Contract 1. Assignment Type Purchase Transaction 2. I did not analyze the contract for sale for the subject purchase transaction. 1. Appraisal Purpose Type 2. Contract Reviewed FRE1095 No selection is made for Highest and Best Use. Please correct and resubmit. The appraisal report indicates that the present use of the subject property as improved (or as proposed) does not represent the highest and best use as improved. Please ensure that this mortgage is eligible for sale to. Site Is the highest and best use of subject as improved (or as proposed per plans and specifications) the present use? No Highest Best Use FRE1096 The appraisal indicates that the Zoning Compliance is Illegal. Mortgages secured by property with "illegal" zoning are not eligible for sale to. Please confirm the subject property s Zoning Compliance is reported accurately. Site Zoning Compliance Illegal Site Zoning Compliance Type
FRE1097 No selection has been made for conditions that affect livability, soundness or structural integrity. Please correct and resubmit. The Improvement section indicates physical deficiencies or adverse conditions and the appraisal is marked " To Completion/Repair". Please ensure the property and appraisal meets requirements. The Improvement section indicates physical deficiencies or adverse conditions; however, the property's condition rating is [GSE Overall Condition Type] and the appraisal has been prepared "As Is" or " To Inspection". Please confirm the property's condition rating is reported accurately and the property and appraisal meet requirements. The Improvement section indicates physical deficiencies or adverse conditions. The property's condition rating is [GSE Overall Condition Type] and the appraisal has been prepared "As Is" or " To Inspection". Please ensure the property and appraisal meets requirements. N/A N/A N/A FRE1098 The appraisal indicates that the condominium Project Primary Occupancy type in the project information section is Tenant. If the mortgage is not for a principal residence or second home, please confirm that project owner occupancy requirements are met and the property is eligible for sale to. Project Information Project Primary Occupancy Tenant Project Primary Occupancy Type N/A FRE1120 The appraisal report indicates that the subject property is currently offered for sale, or has been within the last 12 months, but no data is present within the Data Source. Please verify that the correct selection has been made and all required information has been provided. Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of the appraisal? Yes Listed Within Previous Year
FRE1122 FRE1123 The appraised value ([Appraised Value]) is greater than the indicated value by Approach ([ Approach Value]). Please obtain an updated appraisal and resubmit. The appraisal indicates a rapid growth rate yet declining values in the Neighborhood section. Please confirm that the correct selections have been made. N/A N/A N/A Neighborhood N/A N/A FRE1124 The appraisal indicates an Urban location that is built up under 25% in the Neighborhood section. Please confirm that the correct selections have been made. Neighborhood N/A N/A FRE1125 FRE1126 FRE1127 The appraisal indicates a Shortage for Demand/Supply but Over 6 months for Marketing Time. Please confirm that the correct selections have been made. The appraisal indicates an Over Supply for Demand/Supply but Under 3 months for Marketing Time. Please confirm that the correct selections have been made. Fewer than [X] comparable sales have an entry for days on market less than the maximum Marketing Time noted in the Neighborhood section of the appraisal. Please confirm that the marketing time is stated correctly and supported within the appraisal. The predominant One-Unit Housing Price is outside the High and Low prices noted in the Neighborhood section. Please ensure that the analysis and conclusions are adequately supported within the appraisal, and that the appraisal meets requirements. The predominant One-Unit Housing Age is outside the High and Low trend age noted in the Neighborhood section. Please ensure that the analysis and conclusions are adequately supported within the appraisal, and that the appraisal meets requirements. Neighborhood N/A N/A N/A N/A N/A N/A N/A N/A
FRE1128 FRE1129 The appraisal contains fewer than [X] closed sales that are within the One-Unit Housing Price range in the Neighborhood section. Please ensure that the analysis and conclusions are adequately supported within the appraisal, and that the appraisal meets requirements. The appraisal contains fewer than [X] closed sales that are within the One-Unit Housing Age range shown in the Neighborhood section. Please ensure that the analysis and conclusions are adequately supported within the appraisal and that the appraisal meets requirements. N/A N/A N/A N/A N/A N/A FRE1130 The total of the reported Present Land Use ([total])% does not equal 100%. Please ensure that the analysis and conclusions are adequately supported within the appraisal, and that the appraisal meets requirements. Neighborhood Present Land Use % Neighborhood Present Land Use Percent FRE1131 The subject property's Condition Rating is reported as [GSE Overall Condition Type] in the section but the following findings have also been noted ["Foundation Walls" = "Conc/poor"], ["Exterior Walls" = "siding/fair"], ["Roof Surface" = "comp-poor"]. Please ensure that the analysis and conclusions are adequately supported within the appraisal, and that the appraisal meets requirements. N/A N/A FRE1132 The appraisal indicates None for Car Storage but a selection has been made for Garage or Carport. Please obtain an updated appraisal and resubmit. Car Storage None Car Storage Exists FRE1133 The Total Room Count of [A] is less than the Bed count ([B]); Full Bath count ([C]) or Half Bath count ([D]). Please confirm that all room counts have been reported accurately and in the correct UAD required format. FRE1134 The appraised value falls outside the range of the 'One-Unit Housing' low and high prices reported in the Neighborhood section of the appraisal. Please ensure that the analysis and conclusions are adequately supported within the appraisal, and that the appraisal meets requirements. N/A N/A N/A
FRE1139 The PUD section of the report indicates that the developer is in control of the HOA or no selection was made. Please ensure that the subject property or appraisal meets requirements and correct and resubmit as needed. Project Information Is the developer/builder in control of the Homeowners' Association (HOA)? Yes / No Project Developer Controls Project Management FRE1142 The reported contract price ([Contract Price]) of the subject property does not match the reported contract price in the local Multiple Listing Service ([MLS sales price]). Please confirm that the correct sales price has been provided, and that the appraisal meets requirements. N/A N/A FRE1143 The subject property's zoning compliance has been reported as [Legal] but [X] prior appraisals reported a compliance other than [Legal]. ([Appraisal Effective Date] - [Zoning Compliance]). Please ensure that the property and appraisal meet requirements. Site Is the highest and best use of subject as improved (or as proposed per plans and specifications) the present use? No Site Zoning Compliance Type FRE1144 The subject property's highest and best use has been reported as [present use/not the present use], but [X] prior appraisals reported a highest and best use other than [present use/not the present use]. Please ensure that the property and appraisal meet requirements. Site Is the highest and best use of subject as improved (or as proposed per plans and specifications) the present use? No Highest Best Use FRE1145 The appraisal indicates that there are no adverse site conditions or external factors (easement, encroachments, environmental conditions, land uses, etc.) for the subject property but [A] prior appraisal(s) indicate that there are adverse site conditions. The [A] appraisal(s) account for [B]% of [C] appraisals that are within [D] months of this appraisal's effective date. Site Are there any adverse site conditions or external factors? Analysis Exists
FRE1146 The reported improvement type ([Attachment Type]) of the subject property disagrees with the following appraisals: [Appraisal Effective Date] - [Attachment Type]. Please confirm that the subject property's structure type is correctly identified in the appraisal. N/A Attachment Type FRE1147 The reported foundation type of [Foundation Type] for the subject property disagrees with the foundation type on the following appraisals: [Appraisal Effective Date] - [Foundation Type]. N/A Foundation Exists FRE1148 The reported basement area of the subject property ([Foundation Basement Area]) sf varies from the reported basement area on the following prior appraisals by [X]% or more: [Appraisal Effective Date] - [Foundation Basement Area] sf. Foundation Basement Area Square Feet Count FRE1150 The indicated Cooling type for the subject property [coolingtype] disagrees with historical reports [effectivedate, coolingtype]. Please verify the appropriate cooling type has been indicated in the Improvement. N/A N/A FRE1152 The subject property was previously reported to have a pool but the current appraisal does not indicate that there is a pool in the section. Considering [X] prior reports of the pool amenity, please confirm that the information has been accurately reported and that the current appraisal addresses any potentially adverse site conditions that may be associated with the removal of a pool. Amenities Pool Amenity Exists FRE1153 [X] prior appraisals within [Y] months indicate a significant value discrepancy for the subject property's Patio/Deck. Please confirm that this amenity has been accurately reported in the appraisal. Amenities Patio/Deck Amenity Exists FRE1154 [X] prior appraisals within [Y] months indicate a significant value discrepancy for the subject's Porch. Please confirm that this amenity has been accurately reported in the appraisal. Amenities Porch Amenity Exists FRE1156 [X] prior appraisals within [Y] months indicate a View that varies from the current report of [view]. Please confirm that the subject property's view has been accurately reported in the appraisal. View (ViewType) GSE View Type
FRE1157 [X] prior appraisals within [Y] months indicate a Quality of Construction that varies from the current report of [GSE Quality of Construction Rating Type]. Please confirm that the subject property's construction quality has been accurately reported in the appraisal. Quality of Construction GSE Quality Of Construction Rating Type FRE1158 [X] prior appraisals within [Y] months indicate a condition that varies from the current selection of [GSE Overall Condition Type]. Please confirm that the subject property's condition has been accurately reported in the appraisal. Condition GSE Overall Condition Type FRE1159 [X] prior appraisals within [Y] months indicate an Age that varies from the current report of [Actual Age]. Please confirm that the subject property's age has been accurately reported in the appraisal. Year Built GSE Year Built Estimation FRE1160 [X] prior appraisals within [Y] months indicate car storage that varies from the current selection of [Garage/Carport]. Please confirm that this amenity has been accurately reported in the appraisal. Car Storage None Car Storage Exists FRE1162 The reported effective age of the subject property exceeds the actual age and the condition rating is [condition rating]. Please ensure that the correct ages have been provided and that the property meets requirements. Effective Age (Yrs) GSE Effective Age FRE1163 The subject property is noted to be Proposed. Please ensure that the collateral meets requirements and that all delivery requirements have been met. The subject property is noted to be Under Construction. Please ensure that the collateral meets requirements and that all delivery requirements have been met. Proposed Building Status Type FRE1164 The reported basement area of the subject property Foundation Basement Area]) sf exceeds the reported above grade living area [GLA]. Please confirm the information is accurate and supported within the appraisal. Foundation Basement Area Square Feet Count
FRE1165 The appraisal indicates that the subject property generally conforms to the neighborhood; however, across the board adjustments for Design/Style and unidirectional adjustments for Condition and Actual Age have been applied. Please ensure that the analysis and conclusions of the subject and comparable properties have been adequately reported and supported within the appraisal. Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? No Analysis Exists FRE1167 The subject property is reported as [Calculated age] years old and the condition has been rated as [GSE Overall Condition Type]; however, the appraisal indicates that the kitchens and bathrooms are not updated. Please confirm that the subject property's condition and updates have been accurately reported. Describe the condition of the property... N/A FRE1168 The final opinion of market value is above the highest adjusted sale price of the settled sales. Please ensure that the analysis and conclusions are well supported and that the appraisal meets requirements. Reconciliation Market Value Appraised Value Amount FRE1170 The appraised value ($[ Appraised Value Amount]) is biased to the highest adjusted comparable sale ($[X], $[Y]). Please ensure that the analysis and conclusions are well supported and that the appraisal meets requirements. N/A N/A N/A FRE1171 The following price per square foot adjustment amounts are considerably [less than/greater than] [X]% of $[Y], which is the average PPSF from closed sales within the appraisal. [Comp # - $Z]. Please confirm that the GLA adjustments are market based and adequately supported. Gross Living Area Sq.Ft. Amount FRE1172 The Gross Living Area adjustment(s) $[GLAadjustment(s)]/SF vary significantly from the average price per square foot of the (provided sales $[providedsaleppsf}]/sf and/or modeled sales $[modeledsalesppsf])/sf. Please ensure the GLA adjustments are market based and adequately supported. Gross Living Area Sq.Ft. Amount
FRE1173 No selection was made for construction stage. Please correct and resubmit. The appraisal indicates the subject property is Proposed Construction and the appraisal is marked "as is". Please ensure that the property and appraisal meet the requirements of. The appraisal indicates the subject property is Under Construction and the appraisal is marked as is. Please ensure that the property and appraisal meet the requirements of. N/A N/A N/A
FRE1174 The following data element(s) are missing from the Certification section of the appraisal. Please ensure that all information is reported and that the appraisal meets requirements. Appraiser Date of Signature and Report, Effective Date of Appraisal 'State Certification #', 'State #', 'State License #', or 'Other (describe)' - One selection. If 'Other (describe)' or 'State #' is populated, the appraiser must also include the following: - Supervisory Appraiser (must contain text) - Supervisory Date of Signature (valid date format) - Supervisory State Certification # or License # - Supervisory Certification or License State - Supervisory Expiration Date of Certification or License - SUBJECT PROPERTY (one selection for the following:) - Did not inspect subject property - Did inspect exterior of subject property from street (if selected, a date must be provided in the 'Date of Inspection' field. - Did inspect interior and exterior of subject property (if selected, a date must be provided in the 'Date of Inspection' field. - COMPARABLE SALES (one selection for the following) - Did not inspect exterior of comparable sales from street - Did inspect exterior of comparable sales from street (if selected, a date must be provided in the 'Date of Inspection' field. If 'License #' or 'State Certification #' are populated, the appraiser must also include the following: - Appraiser Certification/License State - Appraisal Expiration Date of Certification - ADDRESS OF PROPERTY APPRAISED - APPRAISED VALUE OF SUBJECT PROPERTY $ - Lender/Client - Lender/Client Company Appraiser Certification N/A N/A
FRE1175 A Borrower is required. Please correct and resubmit. Borrower GSE Borrower FRE1176 An entry is required for Census Tract. Please correct and resubmit. Census Tract Census Tract Identifier FRE1177 An entry is required for R.E. Taxes. Please correct and resubmit. R.E. Taxes GSE Tax Total Tax Amount FRE1178 An entry is required for Tax Year. Please correct and resubmit. Tax Year Tax Year Identifier FRE1179 A selection is required for Neighborhood Characteristics Location. Please correct and resubmit. Neighborhood Varies Neighborhood Location Type FRE1180 A selection is required for Neighborhood Characteristics Built-up. Please correct and resubmit. Neighborhood Varies Neighborhood Builtup Range Type FRE1181 A selection is required for Neighborhood Characteristics Growth. Please correct and resubmit. Neighborhood Varies Neighborhood Growth Pace Type FRE1182 FRE1183 One or more entries are missing from the One-Unit Housing Price Range (Low, High, Predominant). Please correct and resubmit. One or more entries are missing for One-Unit Housing Age Range (Low, High, Predominant). Please correct and resubmit. Neighborhood Varies Varies Neighborhood Varies Varies FRE1184 A description of the Neighborhood Boundaries must be included or referenced in the comment area. Please correct and resubmit. Neighborhood Neighborhood Boundaries GSE Neighborhood Boundaries FRE1185 A Neighborhood must be included or referenced in the comment area. Please correct and resubmit. Neighborhood Neighborhood Neighborhood FRE1186 A description of the Market Conditions must be included or referenced in the comment area. Please correct and resubmit. Neighborhood Market Conditions Neighborhood Market Conditions
FRE1187 The reported site area in the Site section [Site (Site Area)] is inconsistent with the site area noted in the [ ( Site Area)]. Please correct and resubmit. and Area Site Area FRE1188 The subject's view rating [Site View Rating] is inconsistent with the View Rating [ ( View Rating)] in the. Please correct and resubmit. and View GSE View Overall Rating Type FRE1189 A selection is required for Units. The appraiser must indicate whether the subject is One Unit or One with Accessory Unit. Please correct and resubmit. Varies Structure Accessory Unit Exists FRE1190 A selection is required for Improvement Type (Det, Att or S-D/End Unit). Please correct and resubmit. Varies Attachment Type FRE1191 An entry is required for [Design/Style]. Please correct and resubmit. Design (Style) Structure Design FRE1192 A selection is required for Existing, Proposed or Under Construction in the General section. Please correct and resubmit. Varies Building Status Type FRE1193 A selection is required for Foundation Type. Please correct and resubmit. Varies Foundation Exists FRE1194 The Foundation has been noted to consist of a [Full Basement/Partial Basement] and no Basement Area and Basement Finish % have been provided. Please obtain an updated appraisal and resubmit. Foundation Square Feet Count FRE1195 A selection is required for Heating type (FWA, HWBB, Radiant or Other). Please correct and resubmit. Varies Specifies the type of heating. FRE1196 A description of materials/condition is required for Foundation Walls when Full or Partial Basement is selected. Please obtain an updated appraisal and resubmit. Exterior Foundation Walls Exterior Feature
FRE1197 A description of materials/condition is required for Exterior Walls. Please correct and resubmit. Exterior Exterior Walls Exterior Feature FRE1198 A description of materials/condition is required for Roof Surface. Please correct and resubmit. Exterior Roof Surface Exterior Feature FRE1199 A description of materials/condition is required for Window Type. Please correct and resubmit. Exterior Window Type Exterior Feature FRE1200 A description of materials/condition is required for Floors. Please correct and resubmit. Interior Floors Interior Feature Condition FRE1201 A description of materials/condition is required for Walls. Please correct and resubmit. Interior Walls Interior Feature Condition FRE1202 A description of materials/condition is required for Bath Floor. Please correct and resubmit. Interior Bath Floor Interior Feature Condition FRE1203 The report is missing a selection for Are there any physical deficiencies that affect the livability, soundness or structural integrity of the property?. Please correct and resubmit. The report indicates the subject property has physical deficiencies that affect the livability, soundness or structural integrity of the property. Please ensure the property meets requirements. Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? If Yes, describe Analysis Comment
FRE1204 The report is missing a selection for Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction etc.)? Please correct and resubmit. The report indicates that the subject property does not generally conform to the neighborhood. Please ensure the property meets requirements. Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? No Analysis Exists FRE1205 The subject's Condition Rating [Improvement (Condition Rating)] in the section is inconsistent with the subject's Condition Rating [ (Condition Rating)] in the section. Please correct and resubmit. and Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.) GSE Overall Condition Type FRE1206 The subject's Basement Area [ (Basement Area)] in the section is inconsistent with the subject's Basement Area [ (Basement Area)] in the section. Please correct and resubmit. and Foundation Basement Area Square Feet Count FRE1207 The Basement Finished % [ (Basement Finished %)] in the section is inconsistent with the Basement Finished % [ (Basement Finished %)] in the section. Please correct and resubmit. and Foundation Basement Finish Basement Finished Percent FRE1208 The calculated age from the Improvement Year Built field [Calculated age] is inconsistent with the 's section Actual Age [Actual Age]. Please correct and resubmit. and Year Built Structure Built Year FRE1209 The Total Room Count [ (Total Room Count)] in the section is inconsistent with the Total Room Count [ (Total Room Count)] in the section. Please correct and resubmit. and Finished Area Above Grade Contains Rooms Total Room Count
FRE1210 The Bedroom Count [ (Bedroom Count)] in the section is inconsistent with the Bedroom Count [ (Bedroom Count)] in the section. Please correct and resubmit. and Finished Area Above Grade Contains Bedrooms Total Bedroom Count FRE1211 The Bathroom Count [ (Bathroom Count)] in the section is inconsistent with the Bathroom Count [ (Bathroom Count)] in the section. Please correct and resubmit. and Finished Area Above Grade Contains Bath(s) Total Bathroom Count FRE1212 The Gross Living Area [ (Gross Living Area)] in the section is inconsistent with the Gross Living Area [ (Gross Living Area)] in the section. Please correct and resubmit. and Square Feet of Gross Living Area Above Grade Gross Living Area Square Feet Count FRE1215 The appraiser must indicate the number of comparable properties offered for sale and the high and low values of the offerings. Please verify that the appraiser has provided the required information. Number of Comparable Listings Comparable Listings Researched Count FRE1216 The appraiser must indicate the number of comparable properties sold in the last 12 months and the high and low values of the sales. Please verify that the appraiser has provided the required information. Number of Comparable Comparable Researched Count FRE1218 The appraisal indicates a purchase transaction with a contract price of [Contract Price] and the appraiser has indicated "licensed" on the signature page. Please confirm that the appraiser holds the required certification required for this assignment or that a qualified supervisor has also signed. Reconciliation and Certification Contract Price $ Contract Amount FRE1219 The appraisal report indicates that the subject property is located in [State] and the appraiser license is noted to be in [State]. Please confirm the appraiser holds an active license in the state that the subject property is located. Please correct and resubmit. Appraiser Certification Appraiser State Appraiser License State
FRE1221 The appraisal indicates that the subject property does not generally conform to the neighborhood. Please ensure that the property and appraisal meet requirements. Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? No Analysis Exists FRE1222 FRE1223 FRE1225 The current valuation of the subject property is more than [X]% higher than a recent transfer on [transfer date] for $[prior transfer amount]. Please ensure that the appraisal addresses this transfer and that the current value is accurate and well supported within the appraisal. The contract price of the subject property is more than [X]% higher than a recent transfer on [transfer date] for $[prior transfer amount]. Please ensure that the appraisal addresses this transfer and that the current value is accurate and well supported within the appraisal. The current valuation of the subject property is more than [X]% higher than recent transfers on [transfer date1], [transfer date2] and [transfer date3] for $[prior transfer amount], $[prior transfer amount2] and $[prior transfer amount3]. Please ensure that the appraisal addresses this transfer and that the current value is accurate and well supported within the appraisal. The subject property's Condition Rating ([GSE Overall Condition Type]) does not appear consistent with its actual age ([Actual Age]). Please review for accuracy and ensure that the property and appraisal meet requirements. The subject property's Condition Rating ([GSE Overall Condition Type]) does not appear consistent with its effective age ([Calculated Age]). Please review for accuracy and ensure that the property and appraisal meet requirements. N/A N/A N/A N/A N/A N/A N/A
FRE1226 The submission of the appraisal to LCA is greater than [X] days from the effective date of the appraisal; therefore, it is not eligible for Rep & Warrant Relief. N/A N/A N/A FRE1227 The appraisal indicates the Rights Appraised is Leasehold. Please ensure that the property and appraisal meet leasehold requirements. Rights Appraised Leasehold Rights Type FRE1228 FRE1229 FRE1232 Prior appraisals completed by the same appraiser valued the subject property within [X] days with a value difference greater than or equal to [Y]%. Please confirm the transaction details and ensure that the appraisal report meets requirements. The 1004MC form is not present or does not contain numeric values in the analysis sections. Please confirm the 1004MC form has been completed and includes numeric values where required. The appraisal indicates that the subject property's foundation is "Concrete Slab" only and also includes a Basement Area greater than 0. Please obtain an updated appraisal and resubmit. N/A N/A N/A 1004MC N/A N/A N/A N/A FRE1235 An MLS listing on [MLS Listing Date] for [MLS List Price] was not noted within the subject section of the appraisal report. Please confirm that all listings within 12 months of the appraisal effective date have been reported. Is the subject property currently offered for sale... Listed Within Previous Year FRE1240 The above grade bedroom count is reported as [Above Grade Room Count Bdrms]. Please confirm the bedroom count is accurate and that the property meets community standards. Finished Area above grade contains bedrooms Total Bedroom Count FRE1241 The Gross Living Area is reported as [X] SF. Please confirm that the reported Gross Living Area is accurate and that the property meets community standards. Square feet of Gross Living area above grade Gross Living area square feet count
FRE1242 The appraisal indicates there is evidence of settlement and has been completed "as is". Please ensure the property meets requirements. The appraisal indicates that there is evidence of dampness and has been completed "as is". Please ensure the property meets requirements. The appraisal indicates there is evidence of infestation and has been completed "as is". Please ensure the property meets requirements. N/A N/A N/A FRE1244 The appraiser has noted the subject property to be [Design (Style)] and there are insufficient closed sales provided in similar design/style. Please ensure that the subject property meets requirements and community standards. Design (Style) Design (Style) FRE1245 The quality rating of the subject property is reported to be [GSE Quality Of Construction Rating Type]. Please ensure that the property meets requirements. The condition rating of the subject property is reported to be [GSE Overall Condition Type]. Please ensure that the property meets requirements. N/A N/A N/A Fatal
FRE1246 The following subject property attribute(s) may not be typical for the market area: [( GLA) of (X) SF]. Please ensure that the appraiser has adequately supported the marketability of the subject property. There is a wide range of similarly featured sales within the vicinity ranging from [($X - $Y)] and the following subject property attribute(s) may not be typical for the market area: [ Site Area of (A) SF/(B) AC, Year Built of (Z)]. Please ensure that the appraiser has provided sales that are among the most appropriate available and has adequately supported the marketability of the subject property. N/A N/A N/A FRE2004 The gross living area (GLA) varies between this report and prior sources: Comp # - varies from prior appraisals where this property was used as a sold comp. Please confirm the reported gross living area(s) for the comparable property(ies) is accurate. The gross living area (GLA) varies between this report and prior sources: Comp # - varies from prior appraisals where this property was the subject. Please confirm the reported gross living area(s) for the comparable property(ies) is accurate. GLA Comp X / Multiple Comps FRE2008 The reported bedroom count of the following comparable sale(s) varies from other sources: Comp # (reported bedroom count = [X]; historical report(s) = [A, B, C and D]), Comp # (reported bedroom count = [Y]; historical report(s) = [Z]). Please confirm the reported bedroom count for the comparable property(ies) is accurate and adequately supported. Above Grade Room Count Bdrms Total Bedroom Count Comp X / Multiple Comps
FRE2012 The site area of the following comparable sales/listings varies from public records: [Comp # (report: [Site Area] ac; public records: [Site Area] ac)]. Please confirm the reported site area for the comparable property(ies) is accurate and adequately supported. Site Comp X / Multiple Comps FRE2017 The age of the following comparable property(ies) varies from public records: [Comp # (report: [Actual Age] years; public records: [Actual Age] years)] Please confirm the reported age of the comparable property(ies) is accurate and adequately supported. Actual Age Comp X / Multiple Comps FRE2020 FRE2021 FRE2024 Based on the subject property s reported location type ([Suburban]), the following comparable sales/listings may be distant: [Comp # (X miles)]. Please review and confirm that the comparable property(ies) are appropriately selected. The average distance for comparable sales in the appraisal ([X miles]) is greater than [Y] from the average distance of comparable sales in a recent historical appraisal ([Z miles]). Please review and confirm that the comparable sales are appropriately selected. The average distance of supplied comparable sales/listings within the appraisal ([X] miles), varies significantly from the 'average' of [Y] valuations completed in the subject property s zip code over the past year. Appraisals from the last year average [Z] miles. Please ensure that the comparable property(ies) provided within the appraisal are among the most proximate and relevant available. N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
FRE2029 FRE2032 FRE2036 FRE2048 The appraisal contains a wide range of unadjusted sale/listing prices. [$A to $B]. The potential comparable market sales/listings range is from [$C to $D]. Please ensure that the sold/listing properties within the appraisal are most comparable to the subject property; and the analysis and conclusions adequately supports the final opinion of value. The appraisal contains a wide range of unadjusted sale/listing prices. [$E to $F]. Please ensure that the sold/listing properties within the appraisal are most comparable to the subject property; and the analysis and conclusions adequately supports the final opinion of value. There are at least [X] recent and similar sales that are more proximate than the sales provided within the report. Please ensure that the appraiser has provided the most appropriate comparable sales to adequately support the analysis and conclusions, and demonstrate the subject marketability. The report contains significant net, gross, or line item adjustments. Please verify that the report contains comparable sales that are the most representative of the subject, and that the adjustments are market based and supported. Upon review of [X] valuations completed in the subject property s zip over the past year, the average recency of comparable sales is [Y] days from the effective date of the appraisal. The average recency of comparable sales in the appraisal varies significantly at [Z] days. Please ensure that the sales provided in the appraisal are the most recent and relevant. N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A FRE2070 Sale data for the following comparable property(ies) varies from public records: [Comp # (report: no prior sale dates; public records: [sale date] sold at a price of $[sale price])]. Please confirm the reported sale data is accurate and adequately supported. N/A N/A Comp X / Multiple Comps