Appraisal Solutions

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As your lending partner, we realize how important it is for you to get timely appraisals. If your borrower doesn’t qualify for an appraisal waiver, these options are great alternatives to a traditional appraisal or inspection: UWM Appraisal Direct, virtual inspection/completion reports (1004D form), property inspection data and desktop appraisals, or you can also redeem your LO Partner Points for appraisal credits.

UWM Appraisal Direct

High-Quality, Faster Appraisals

If an appraisal is needed, mortgage brokers in our network can choose UWM Appraisal Direct for ordering and tracking appraisals on UWM loans. You’ll get greater transparency throughout the appraisal process so you can more effectively manage your loans and support your borrowers. Click here to learn more.

Redeem LO Partner Points For Appraisal Credits

Available On All Loans

UWM partners can offer up to a $600 appraisal credit on any UWM loan by redeeming 9,000 LO Partner Points. Click here to view the LO Partner Points menu.

Virtual Inspections And Completion Reports

UWM offers virtual 1004D forms in partnership with Valligent for loan using UWM Appraisal Direct – and we’ve negotiated a reduced cost for our partners. This form is available on conventional, non-agency, non-QM, FHA and USDA loans and helps make the appraisal process more efficient, by offering a convenient alternative to confirm the completion of construction or repairs noted on an appraisal.

Virtual 1004D forms can be ordered through the Appraisal Direct drop down menu only $56, and can be used as follows:

Conventional/Non-Agency/Non-QM Products

  • 1004D must be used for repairs or verification of completion for new construction (excluding UWM One Time Close New Construction loans)
    • Can be used for a standard appraisal or Upgraded Appraisal from Value Acceptance/ACE + PDC

FHA/USDA

  • 1004D must be used for repairs or verification of completion for new construction
    NOTE: Only acceptable for 1004D if form 92051 cannot be virtual

Property Inspection Data

Value Acceptance + PDC (Property Data Collection) and ACE+ PDR (Property Data Report) are property inspection options that supplement an appraisal waiver and are based on photos, videos and measurements. Instead of an appraiser, the information is gathered by a trained data collector.

Both cost $179 — hundreds less than a typical appraisal — and can be completed in as little as 3 days.

Value Acceptance + PDC is eligible on select conventional loans for primary, second and investment properties. Run through One-Click AUS or DU and check findings for eligibility.

ACE+ PDR is available on select conventional loans for primary and second homes with LTVs up to 90%. Run through One-Click AUS or LPA and check findings for eligibility.

Complete the Value Acceptance + PDC or ACE+ PDR process in these easy steps:

  1. Check findings for eligibility message.
  2. If eligible, submit your order through UWM Appraisal Direct.
  3. UWM Appraisal Direct team ensures the order is completed and submitted to underwriting for approval.*

*Borrower may be required to upgrade to a hybrid appraisal based on findings. If required, UWM Appraisal Direct will automatically have the hybrid appraisal completed and borrower will be charged the difference between the cost of the hybrid appraisal and the property data collection/report.

Desktop Appraisals

Fannie Mae and Freddie Mac allow a desktop appraisal in lieu of a traditional interior and exterior appraisal for certain purchase transactions. This allows for the possibility of getting these appraisals faster and often times cheaper for your borrowers.

To be eligible for a desktop appraisal, DU/LPA AUS results will include a message reflecting eligibility for a desktop appraisal, and the loan must meet the following requirements:

  1. Purchase of a 1-unit primary residence
  2. Property is a single-family residence or PUD
  3. LTV cannot exceed 90%
  4. Appraiser must submit a software-generated floor plan that includes interior walls, exterior wall dimensions and GLA calculations

Additional Information:

  • UWM accepts appraisal transfers, including desktop appraisals, on all eligible UWM loans.

Together, these additional solutions will help ensure your appraisals move faster and are completed by high-quality appraisers.

Feel free to reach out to your account executive with any questions.

Information is subject to change. Certain restrictions apply. Subject to borrower approval.

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