What Qualifies for MDC Data Input Credit?

Any legible copy of appraisal forms reporting appraiser verified site-inspected interior and exterior physical characteristics. Such as:

·         URAR (1004, 1075)

      front page required

·         Condo/PUD (1073)

      both front and back pages required

·         Desktop Underwriter Quantitative Analysis (2055)

      must include interior inspection

·         Employee Relocation (ERC)

      both pages 2 and 3 required

·         Small Residential Income (1025)

      pages 1, 2, 3 and 4 required

·         Land Appraisal Report

                       

What Does Not Qualify for MDC Data Input Credit?

·   Review appraisals

·         Drive by appraisals

·         Any data not verified by interior and exterior site-inspection

 

 

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