Quality and Valuation Products (QVP) Release Notes


January 11, 2018 Update

This update contains enhancements in Mercury Network's Quality and Valuation Products.

New features

  • To streamline UCDP submission and maintenance (as well as pave the way for future developments) we're now using Mercury Network's direct UCDP connection for submissions.

All Products

  • To better secure your account, website and API users will be temporarily locked out of the system for 5 minutes after 5 unsuccessful login attempts.

RealView

The following AQM rules are now available in RealView.

Subject

  • State law in certain locations requires that the appraiser disclose whether or not a carbon monoxide detector is present in the subject property. Please verify narrative for CO disclosure.

Improvements

  • Some exterior finishes were labeled below average.
  • All interior material "conditions" are average or better.

FHA

  • This is an FHA order. Verify the sketch includes porches, breezeways, covered patios and includes dimensions.
  • FHA requires the appraiser provide the economic remaining life and the site value. One or both of these fields are blank.

Sales Comparison Approach

  • Comparables with an adverse view were not utilized while the subject is adverse.
  • One or more comparables has had a greater than 25% change in sold price since the most recent transfer in the past year.
  • Appraiser has adjusted for concessions.

Project Info

  • Original use of building is not described on the appraisal.

Doc Details

  • January 11, 2018 Update
  • Document 11033
  • Updated: 1/11/2018

The Big Picture

This document details the changes for Quality and Valuation Products (QVP), released 1/11/2018.

Click here to view info on all QVP updates.