Fannie Mae and Freddie Mac have announced a one-time policy exception for Sellers that need more time to adopt UAD 3.6. The November 2 mandate is not changing, but the exception will affect how lenders, appraisers, AMCs, and software providers operate over the coming months.
Join Lyle Radke of Fannie Mae for a clear explanation of the announcement, the key dates ahead, and what it means for your role in the transition. Bring your questions and get answers straight from the source. Register today to make sure you are prepared.
Presenters
Bryan Reynolds
AQB USPAP Instructor, Certified General
Bryan S. Reynolds, CDEI™ is a KY/TN Certified General Real Property Appraiser, a registered agent with the TN State Board of Equalization and an AQB Certified USPAP Instructor. He has testified and appeared in various courts, planning and zoning boards as both an expert and as an agent making valuation arguments before local and state hearing officials and Administrated Law Judges. Reynolds is the owner of Bryan S. Reynolds & Associates, Reynolds Appraisal Service and a partner in Appraiser eLearning. He provides residential and commercial valuation services throughout the region and various educational offerings, mentoring, consulting and litigation support services throughout the country as well as being available for lectures and is well known for his Think Outside the “Check” Box approach.
Lyle Radke
Director of Fannie Mae’s Collateral Policy team
Lyle Radke joined Fannie Mae in 2013 and is a Principal in Collateral Policy. His team establishes and maintains policies for property eligibility, appraisals, and condo project standards. He holds a master’s degree in geology from Brigham Young University and is a certified residential appraiser in New Mexico. He advises the team on policy matters. Recent initiatives from his team include updated Appraiser Independence Requirements (AIR), adoption of the ANSI sq. ft. standard, valuation alternatives for certain purchase loans, the Undervaluation Risk Flag in Collateral Underwriter® (CU®), and the Uniform Property Dataset (UPD), and reconsideration of value requirements (ROV). Current workstreams include the Appraiser Diversity Initiative®, the next generation Uniform Appraisal Dataset, appraisal bias mitigation, hybrid appraisal requirements, and additional enhancements to CU. He is also responsible for Fannie Mae’s quarterly Appraiser Update newsletter and frequently speaks to lenders, risk investors, and appraisers about Fannie Mae’s collateral risk management policies, programs, tools, and vision for the future.