ServiceLink partners with Grid-ML on guidance for key appraisal update
ServiceLink,
a
provider
of
technology-enabled
mortgage
services,
has
partnered
with
Grid-ML
to
offer
an
interactive
reference
guide
designed
to
help
appraisers
prepare
for
the
rollout
of
Uniform
Appraisal
Dataset
(UAD)
3.6.
The
UAD
3.6
Interactive
Reference
Guide
compiles
guidance
from
Fannie
Mae
and
Freddie
Mac
into
a
single,
searchable
digital
resource
aligned
with
the
redesigned
Uniform
Residential
Appraisal
Report
(URAR).
In
a
blog
post
on
ServiceLink’s
website,
Liz
Green,
senior
vice
president
of
valuation
solutions,
said
that
ServiceLink
is
the
first
appraisal
management
company
to
offer
the
guide
to
its
appraisal
panel
at
no
extra
cost.
“This
guide
will
help
our
panel
better
understand
and
fulfill
the
new
URAR
quickly
and
efficiently,
further
positioning
ServiceLink
as
an
industry
UAD
3.6
leader,
adding
to
our
readiness
and
preparedness
efforts
as
we
embark
on
the
next
phase
of
the
GSE’s
timeline,”
Green
said.
The
tool
is
intended
to
help
appraisers
navigate
standardized
terminology,
field
requirements
and
reporting
rules
under
the
updated
format.
The
announcement
comes
as
the
mortgage
industry
prepares
for
broader
adoption
of
UAD
3.6,
with
broad
production
scheduled
to
begin
Monday,
Jan.
26.
Access
to
the
new
reporting
format
has
been
limited,
as
only
a
small
number
of
appraisal
software
providers
have
received
approval
from
the
government-sponsored
enterprises
to
produce
the
redesigned
URAR,
the
company
said.
ServiceLink
said
the
guide
is
designed
to
improve
appraisers’
familiarity
with
the
new
requirements
ahead
of
the
transition.
Grid-ML
founder
Abe
Lira
said
the
platform
is
intended
to
support
appraisers
as
they
adjust
to
the
updated
dataset
and
reporting
standards.
