A new update will be ready for you this afternoon.  To download this new update, plus any prior updates you may have missed, just click Help (with WinTOTAL open), and then click "Get Instant Customer Updates".

In this release, we concentrated on three major areas:

1.  New UAD guidelines that go into effect on January 2nd
The GSEs' UAD changes are specific to the Design/Style and Garage/Carport fields.  Simply put, both of these fields now have specific UAD guidelines and abbreviations from the GSEs.  To learn more:

• Click here to watch the quick two-minute video showing what's new.
• Click here for our blog post outlining the changes and detailed abbreviations.
• Click here for the top questions and answers.
• Click here to read Fannie Mae's guidance.

Remember, according to Fannie Mae, this new format is preferred, but not required.  If you don't deliver your report in this new format it won't be declined by the UCDP.  However, WinTOTAL makes it easy to conform to the new instructional guidelines. 

2.  New USPAP guidelines that go into effect on January 1st
The new 2014 USPAP guidelines reduce the number of reporting options from three to two.  The Appraisal Report replaces the previous Self-Contained and Summary reports while the Restricted Appraisal Report replaces the previous Restricted Use Appraisal Report.  Click here to read our blog post for more details and how TOTAL and WinTOTAL have changed.

3.  New UCDP hard stops that go into effect January 26th
On January 26th, “Phase II” hard stops will go into effect for four additional fields (Phase I was implemented in June 2013).  WinTOTAL will now flag these fields with a red stop icon instead of just a warning flag.  This way you'll be prepared long before this change goes into effect.  Click here to see which fields and learn more.

That's all for now.  Check the list below for everything that's included in this update and visit www.alamode.com/appraiser/support if you have any questions.

The WinTOTAL Product Team

WinTOTAL Aurora – December 26, 2013 Update

General

• The GSEs have updated the UAD Technical Specifications, particularly Appendices A, B, D, and E to include standardized responses for two fields, Garage/Carport and Design/Style. The updated data standards will be instructional and will not cause warning or fatal edits to fire in the UCDP. These updates to UAD will be effective on January 2, 2014.
  
  
• Entering a price into the "Contract Price" field in the Contract section will check the "Purchase Transaction" for "Assignment Type" in the Subject section of the URAR [UAD Version 9/2001], Exterior-Only [UAD Version 9/2011], Condo [UAD Version 9/2001], and the Exterior-Only Condo [UAD Version 9/2001] forms.
  
  
• A "0" will be placed into the "Indicated Value by Income Approach" field whenever there's a 0 in either the "Estimated Monthly Market Rent" or "Gross Rent Multiplier" fields in the Income approach of the URAR [UAD Version 9/2011].
  
  
• We fixed a rare problem that caused the Lender/Client email address to be lost after switching to the Comps PowerView.

New and Updated Forms for USPAP 2014

• USPAP Identification [USPAP 2014][Legal]
• USPAP Identification [USPAP 2014 & Exposure Time][Legal]
• USPAP Identification [USPAP 2014][Letter]
• USPAP Identification [USPAP 2014 & Exposure Time][Letter]
• USPAP Identification [Review][USPAP 2014][Legal]
• USPAP Identification [Review][USPAP 2014 & Exposure Time][Legal]
• USPAP Identification [Review][USPAP 2014][Letter]
• USPAP Identification [Review][USPAP 2014 & Exposure Time][Letter]
• GP Residential [Signature][Legal]
• GP Residential [No Signature][Legal]
• GP Residential [Signature][Letter]
• GP Residential [No Signature][Letter]
• GP Consumer [Signature][Letter]
• GP Consumer [No Signature][Letter]
• GP Consumer Short Form [Signature][Letter]
• GP Consumer Short Form [No Signature][Letter]
• GP Condo [Signature][Legal]
• GP Condo [No Signature][Legal]
• GP Condo [Signature][Letter]
• GP Condo [No Signature][Letter]
• GP 2-4 Unit [Signature][Legal]
• GP 2-4 Unit [No Signature][Legal]
• GP 2-4 Unit [Signature][Letter]
• GP 2-4 Unit [No Signature][Letter]
• GP Restricted Use [Signature][Legal]
• GP Restricted Use [No Signature][Legal]
• GP Restricted Use [Signature][Letter]
• GP Restricted Use [No Signature][Letter]
• GP Land [Signature][Legal]
• GP Land [No Signature][Legal]
• GP Land [Signature][Letter]
• GP Land [No Signature][Letter]
• GP Commercial [Signature][Legal]
• GP Commercial [No Signature][Legal]
• GP Commercial [Signature][Letter]
• GP Commercial [No Signature][Letter]
• Restricted Use Appraisal
• Restricted Use Appraisal Report – Residential [AI-200.04][Letter]

E&O PowerView

• We’ve added support for the coming (Phase II) UCDP hard stops (fatal edits) for the Quality of Construction, Location, View, and Condition fields for the subject and comparables which will take effect on January 26th, 2014.

Appraisal Desktop

• We've added a new Marketing PowerView in the Appraisal Desktop with information to help better market yourself to potential high-fee, non-lender clients.

New Forms

• Universal Residential Loan Application [1003/65]
• Invoice [Automatic][Client] in legal size (suitable for a Legal sized GP form or any other client-centric report that needs a legal-sized invoice.
• W-9 Request for Tax ID Number [Rev. 08-2013]
• W-9 Request for Tax ID Number [Rev. 08-2013][Major form]
• W-9 Request for Tax ID Number [Rev. 08-2013][Supr. Sig.]
• W-9 Request for Tax ID Number [Rev. 08-2013][Major form][Supr. Sig.]

Updated Forms

• Residential Appraisal Report – Cost Approach Addendum [AIC 09/12] [Canadian]