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Appraisal Logging Results Page - Field Descriptions (UAD 3.6)
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Go to Appraisal Logging Results Page - Field Descriptions (UAD 2.6)

The field descriptions for the Appraisal Logging Results page are listed below in the order they appear on the page under their sections: Property Information, Subject Prior Sale Information, Reconciliation Fields, HECM Information, User Certification, Appraisal Update, Second Appraisal, Property Flipping, and Appraisal Transfer.

Note: The Property Flipping section is only displayed if a HUD property flipping rule applies to the case.

Uniform Appraisal Dataset (UAD) 3.6

Field	Description
FHA Case Number	Unique 10-digit identifier assigned to the mortgage by the Federal Housing Administration (FHA). The first two positions identify the state in which the property is located, the third position identifies the HUD Field Office territory in which the property is located, the next six positions identify the serial number, and the final position is the check digit. Note: If a second appraisal is required, the following statements appear below the case number: First/Second Appraisal, First/Second Appraisal Data Used for Case Processing.
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Property Information
Address -or- CHUMS Address	House number, street name, city, state, and zip code of the property (including unit number, if applicable). Address on record in HUD's Computerized Homes Underwriting System (CHUMS). Note: For proposed construction or property under construction, lot, block, and plat numbers may identify the property instead of a house number and street name.
EAD Address	Address in the electronic appraisal report submitted through the Electronic Appraisal Delivery (EAD) portal.
EAD Condo Unit	Number of the condominium unit submitted through the EAD portal. Note: If a unit number was not provided by the EAD portal, the field is blank.
I certify that property addresses match	Certification the EAD Address closely matches the existing Address for the property in CHUMS. Note: This field appears when there is a discrepancy between the two addresses.
Construction Code	Building status, including: Proposed Construction: Property where no concrete or permanent material has been placed. (Digging of footing is not considered permanent.) Substantial Rehabilitation: Property is being repaired and mortgage is being insured under Section 203(k). (Not applicable to a HECM case.) Under Construction: Construction period from the first placement of permanent material to 100 percent completion with no Certificate of Occupancy (or equivalent). Existing Construction: Property where construction is 100 percent complete and the building is habitable. Notes: • The FHA treats an occupied property that has been completed less than one year from the issuance of the Certificate of Occupancy (or equivalent) as an existing property. • For Manufactured Housing, Existing Construction refers to a manufactured home that has been permanently installed on a site for one year or more prior to the Case Number Assignment date. New Construction (Less than 1 Year): Property that is 100 percent complete and was completed less than one year from the date of the issuance of the Certificate of Occupancy (or equivalent). The property was never occupied. Note: For Manufactured Housing, New Construction refers to a manufactured home that has been permanently erected on a site for less than one year prior to the Case Number Assignment date.
Year Built	For cases with a Construction Code of Existing Construction, this is the year the dwelling was completed. Note: If the month is unknown, the month field may be left blank. For cases with a Construction Code of New Construction (Less than 1 Year), this is the month and year the Certificate of Occupancy (or equivalent) was issued. For cases with a Construction Code of Proposed Construction or Under Construction, this is either the year of or the year after the Case Number Assignment date (the year may be estimated).
Condominium	Indicator specifying whether the property is a condominium unit.
Manufactured Housing	Indicator for specifying whether the dwelling is a manufactured home.
Living Units excluding ADU	Number of housing units on the property, not including any accessory dwelling units (ADU).
ADU Units	Number of accessory dwelling units (ADU) on the property. An ADU is a subordinate housing unit located on the same lot as a primary single-family home with means of separate ingress and egress and meets the minimum requirements for a living unit.
Non-Residential Units	Indicator specifying whether the property has units that are not designated for residential use.
Estate Will Be Held in -or- Property Title Held as [HECM]	Indicator specifying how the property rights are held.
Leasehold Expiration Date	Date of the expiration of the lease for property held by lease.
Appraisal Doc File ID	Electronic appraisal document identification. Uniform Appraisal Dataset (UAD) 2.6 appraisals start with "A" and UAD 3.6 appraisals start with "B".
Appraisal Received Date	Month, day, and year (mm/dd/yy) the Uniform Residential Appraisal Report (URAR) was received by the lender.
Sales Contract Date	Month, day, and year (mm/dd/yy) the property was sold. Note: Only applicable to a purchase case, including a HECM purchase.
Sales Contract Price	Contract sales price of the property. Note: Only applicable to a purchase case, including a HECM purchase.
Borrower Paid Appraiser Required Repairs	Cost of repairs required by the appraiser to meet HUD’s Minimum Property Requirements (MPR) that are paid for by the borrower. This is only applicable to a purchase case and the repair costs may be added to the sales price before calculating the maximum mortgage amount, if required conditions are met.
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Subject Prior Sale Information
Was prior sale of this property within the past 3 years?	Indicator specifying whether the property was sold within the last three years. Prior Sale/Transfer within 3 yrs: The property was sold or title to the property was transferred within three years of the prior sale of the property. Foreclosure within 3 yrs: The property was resold within three years and was acquired due to loan foreclosure. No Sale/Transfer within 3 yrs: The property was not sold or title to the property was not transferred within three years of the prior sale of the property.
Date of Prior Sale/Transfer	Month, day, and year (mm/dd/yy) the property was previously sold or transferred.
Price of Prior Sale/Transfer	Contract sales price at which the property was previously sold or transferred.
For refinance transactions only where property was acquired within the last 12 months:
Was prior sale/transfer a result of family gift, inheritance, or a non-monetary transaction?	For a refinance case, this is an indicator specifying: Yes: Borrower acquired the property through a family gift or inheritance within 12 months of the Date of Prior Sale/Transfer. No: Borrower acquired the property within 12 months of the Date of Prior Sale/Transfer, but not through a family gift or inheritance. N/A: Not applicable; case is a purchase mortgage or property was not acquired within 12 months of the Date of Prior Sale/Transfer.
Cost of Improvements made subsequent to Prior Sale	If the property was acquired within 12 months of the Date of Prior Sale/Transfer but not through a family gift or inheritance, this is the documented cost of improvements made subsequent to the last transaction for the subject property.
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Reconciliation Fields
Appraisal Type	Classification of the appraisal. • As-Is: Estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date. • Subject to: Appraised value of the property subject to completion, repairs and improvements, and/or plans and specifications.
Appraised Value	Appraiser's estimate of the market value of the property. See Handbook 4000.1 for additional information on products, programs, or for details on which value is used when a second appraisal is present (e.g., 203(k), Flipping). Note: This field is auto-filled once the electronic appraisal has been submitted through the EAD portal.
Actual Appraiser (State Certification or License No.) ID	ID of the FHA-approved appraiser who performed the appraisal; state license or certification number preceded by the two-character state code.
Actual Appraiser (State Certification or License No.) Name	Last name, first name and middle initial of the appraiser who performed the appraisal.
Effective Date of Appraisal	Date the property was appraised. The appraisal is valid for up to 180 days from this date. The appraisal validity period may be extended for up to one year if an Restricted Appraisal Update Report is processed.
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HECM Information
Maximum Claim Amount	The lesser of: • appraised value, • maximum mortgage allowed by FHA under Sec. 305(a)(2) for a single family home in the area, or • the sales price of the property being purchased for the sole purpose of being the principal residence. Initial (upfront) mortgage insurance premium is based on this amount.
Initial Principal Limit (IPL)	Maximum amount, established at loan closing, the borrower may receive from the HECM before any disbursements are made. Maximum Claim Amount multiplied by the principal limit factor corresponding to the age of the youngest borrower and expected average mortgage interest rate.
Initial MIP Factor	Percentage used for calculating the initial (upfront) mortgage insurance premium (MIP). For mortgages assigned an FHA case number on or after October 2, 2017, the current rate is displayed and is view only. For mortgages assigned a case number before October 2, 2017, one of the following rates is selected: • 0.5%; <= 60% IPL: Maximum Claim Amount multiplied by 0.5% if the sum of Mandatory Obligations (Does not include cash), Taxes/Insurance 1st Yr Payments, Additional 10% of IPL Usage Amount, and Repair Set Aside Amount is less than or equal to 60% of the Initial Principal Limit (IPL). • 2.5%; > 60% IPL: Maximum Claim Amount multiplied by 2.5% if the sum of Mandatory Obligations (Does not include cash), Taxes/Insurance 1st Yr Payments, Additional 10% of IPL Usage Amount, and Repair Set Aside Amount is greater than 60% of the Initial Principal Limit (IPL).
Initial Disbursement Limit	Maximum amount that may be disbursed to the borrower and/or used for Mandatory Obligations, set asides, and other charges incurred with originating the HECM at: • loan closing and/or during the first 12-month disbursement period after loan closing (begins on day of loan closing and ends on the day before the anniversary date of loan closing), or • loan closing only for the Lump Sum Disbursement Payment Plan. For mortgages assigned an FHA case number on or after September 19, 2017, this is the lesser of A or B below: A. The greater of 60% of the Initial Principal Limit (IPL) or the sum of Mandatory Obligations (Does not include cash) and Additional 10% of IPL Usage Amount available during the first 12-month disbursement period, not to exceed 100% of the Initial Principal Limit (IPL). B. Initial Principal Limit (IPL) amount less the sum of the Net LESA and Servicing Fee Set Aside, not to exceed 100% of the Initial Principal Limit (IPL). For mortgages assigned an FHA case number before September 19, 2017, this is the greater of 60% of the Initial Principal Limit (IPL) or the sum of Mandatory Obligations (Does not include cash) and Additional 10% of IPL Usage Amount available during the first 12-month disbursement period, not to exceed 100% of the Initial Principal Limit (IPL).
Mandatory Obligations (Does not include cash)	Financed fees and charges incurred in connection with the origination of the mortgage that are paid at loan closing (e.g., initial (upfront) mortgage insurance premium, loan origination fee, HECM counseling fee, first year disbursements from life expectancy set aside for payment of property taxes and hazard/flood insurance bills, etc.).   Note:  The sum of financed mandatory obligations cannot exceed the available principal limit. Sources:  Home Equity Conversion Loan Agreement, Exhibit 1 - Payment Plan, Exhibit 2 - Schedule Closing of Costs/Schedule of Liens, and Exhibit 3 - Repair Rider, Settlement Statement/Closing Disclosure, and Credit Report.
Mandatory Obligations Cash from Borrower	Amount of "cash" the borrower is required to bring to loan closing to satisfy the difference between the Initial Principal Limit amount and the amount of mandatory obligations. Sources: Home Equity Conversion Loan Agreement, Exhibit 1 - Payment Plan and Exhibit 2 - Schedule Closing of Costs/Schedule of Liens, and Settlement Statement/Closing Disclosure.
Mandatory Obligations Cash from Lender	Amount of "cash" the lender will contribute towards the borrower’s mandatory obligations, as documented in the Good Faith Estimate and Settlement Statement/Closing Disclosure. Note: Applicable for traditional and refinance HECM transactions only. Sources: Home Equity Conversion Loan Agreement, Exhibit 1 - Payment Plan and Exhibit 2 - Schedule Closing of Costs/Schedule of Liens, and Settlement Statement/Closing Disclosure.
Taxes/Insurance 1st Yr Payments	Amount of HECM proceeds, or funds from a property charge set aside, used to pay property taxes and hazard and flood insurance bills. This amount reflects scheduled payments from the property charge set aside or from HECM proceeds that are paid within the first 12-month disbursement period. Note: This is the sum of the actual insurance premium and tax amounts. If a new tax bill has not been issued, the prior year’s amount multiplied by 1.2 is used.
Repair Set Aside	Indicator specifying whether there is a repair set aside (i.e., Loan Agreement has a Repair Rider).
Repair Set Aside Amount	Cost of repairs, plus the repair administration fee, if repairs are required to be completed after loan closing and during the first 12-month disbursement period. Amount held in escrow to complete repairs or improvements to the property.
Net LESA	Fully or partially funded Life Expectancy Set Aside (LESA) minus Taxes/Insurance 1st Yr Payments. Sources: HECM Financial Assessment and Property Charge Guide and HECM Financial Assessment Worksheet.
Servicing Fee Set Aside	Funds used for the payment of the monthly servicing fee that increases each month at a rate equal to one-twelfth of the sum of the expected average mortgage interest rate (Expected rate), plus the annual mortgage insurance premium rate from the date the loan is funded.
Additional 10% of IPL Usage	Indicator specifying whether an additional amount of up to 10% of the Initial Principal Limit (IPL) the borrower intends to take at loan closing and/or during the first 12-month disbursement period after loan closing.
Additional 10% of IPL Usage Amount	An additional amount, up to 10% of the Initial Principal Limit (IPL), borrower intends to take at loan closing and/or during the first 12-month disbursement period after loan closing.
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User Certification
Certify Effective Date	Certification that the reason the Effective Date of Appraisal precedes the date the FHA case number was assigned to the mortgage is due to a change in the mortgage from conventional financing, HUD Real Estate Owned (REO), or government guaranteed to FHA insured, or the previous FHA case number was canceled. Note: Documentation substantiating the conversion of the mortgage to FHA insured must be retained in the case binder.
Appraisal Update
Appraiser (State Certification or License No.) ID	ID of the FHA-approved appraiser who performed an evaluation of the property; state license or certification number preceded by the two-character state code.
Appraiser (State Certification or License No.) Name	Last name, first name and middle initial of the appraiser who performed an evaluation of the property (view only; system generated).
Effective Date of Appraisal Update	Effective date of the Restricted Appraisal Update Report.
The Appraiser has certified that the subject property has not declined in value	Certification that the value of the property did not decrease since the original Effective Date of the Appraisal displayed in the Reconciliation Fields section.
Second Appraisal
Exempt from Second Appraisal [Cash-out Refinance]	Indicator specifying whether the cash-out refinance case with an LTV ratio greater than 85% is exempt from a second appraisal. Note: Applicable to cash-out refinance mortgages assigned an FHA case number before December 7, 2009.
Second Appraisal Reason	Reason a second appraisal was performed.
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Property Flipping
Property May Be Subject to 90-Day Flipping Rule or Property May Be Subject to Greater Than 90-Day Flipping Rule	Message specifying the HUD property flipping rule that applies to the case.
Exempt from Property Flipping Time Restriction: [Real Estate Owned (REO), Proposed Construction, Under Construction, or Construction to Permanent]	Message specifying the property is automatically exempt from the property flipping rule or the property flipping rule does not apply.
Flipping Exemption/Applicability Reason	Reason the case is exempt from the property flipping rule or property flipping rule does not apply. None: Property is subject to property flipping rule. Property acquired by an employer or relocation agency: Sale of property purchased by an employer or relocation agency in connection with the relocation of an employee. Sale by other U.S. Government agencies: Sale by another agency of the United States Government (other than HUD) of a Real Estate Owned (REO) single family property pursuant to programs operated by the agency. Sale by HUD-approved Nonprofit: Sale of property by a nonprofit organization approved to purchase HUD REO single family properties at a discount with resale restrictions. Property acquired by the seller through inheritance: Property was acquired by the seller through inheritance. Sale by federally-chartered institutions and GSEs: Sale of property by a state- or federally-chartered financial institution or government-sponsored enterprise (GSE). Sale by local/state government agencies: Sale of property by a local or state government agency. Sale in Presidentially-Declared Major Disaster Area: Sale of property in a presidentially-declared major disaster area. (Obsolete) Partial title transfer(s) exempt - see binder: Title transfer transaction where one original borrower is retained on the title. A copy of the exempt title transfer or other supporting documentation is in the case binder. Multiple exempt transfers - see binder: Multiple exempt title transfer transactions. A copy of the exempt title transfer or other supporting documentation is in the case binder. Initial builder sale - N/A: Property flipping rule is not applicable for a new construction home that was never occupied.
OR
Property Flipping Waived (obsolete)	Indicator specifying whether the property flipping rule is waived for the case. Note: Only applicable to the 90-day property flipping rule
Exempt from Second Appraisal [Property Flipping] (obsolete)	Indicator specifying whether the case is exempt from a second appraisal for the 91-180 day property flipping rule.
Use First Appraisal for Case Processing	Indicator specifying the first appraisal is to be used for case processing when a second appraisal is required and the two appraisals are close in value. This overrides the system's automatic appraisal selection. Note: The Appraised Value of the selected appraisal cannot be more than five percent greater than the alternate appraisal.
Use Second Appraisal for Case Processing	Indicator specifying the second appraisal is to be used for case processing when a second appraisal is required and the two appraisals are close in value. This overrides the system's automatic appraisal selection. Note: The Appraised Value of the selected appraisal cannot be more than five percent greater than the alternate appraisal.
Appraisal Transfer
Appraisal Transfer	Indicator specifying whether the appraisal was transferred to the new lender at the time the case was transferred.

See Also

Appraisal Logging - Business Background (UAD 3.6)

Appraisal Logging - Processing (UAD 3.6)

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