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Loan Was Originated Utilizing a Field Review or Desk Review
If the seller considers an appraisal deficient, the seller may obtain a field review or a desk review of the original appraisal in order to resolve the deficiency.
NOTE: If a loan was originated using a Desk Review, the seller should insert the following text in the Loan Comment field (ULDD Sort ID 393) on the Loan Details page in Loan Delivery. "A Desk Review was used in place of a Field Review."
The fields in the tables below are located in the Property Appraisal Information section of the Loan Detail screen in the Loan Delivery application.
Instructions for Delivering a Loan with a Field Review or Desk Review
| Instructions for Delivering a Loan with a Field Review or Desk Review | ||
| Sort ID | Field Name in Loan Delivery | Details |
| 82 | Appraisal Document File ID | Enter UCDP Doc File ID of the Original (full) Appraisal |
| 83 | Appraisal Amount | Enter the Appraisal Value from the Field Review or Desk Review |
| 84 | Appraisal Effective Date | Enter the date from the Field Review or Desk Review |
| 85 | Property Valuation Form | Enter appropriate appraisal form type:
|
| For the Loan Delivery user interface deliver the following: | ||
| 89 | Appraisal Method | Enter “Field Review” |
| For ULDD deliver the following: | ||
| 89 | Appraisal Method | Enter "Other" |
| 90 | Appraisal Method Type Other Description | Enter "Field Review" |
| 393 | Loan Comment Text | For Desk Review Only - Enter "A Desk Review was used in place of a Field Review" |
| 525 | Appraiser’s State License Number | Enter the appraiser's state license number or certification number of the field reviewer |
| 534 | Supervisory Appraiser’s State License Number | Not Required |