What is an SSR on an appraisal?
What is an SSR on an appraisal?
“SSR” – Successful Submission Report Each SSR contains a summary of the appraisal submission(s) for a particular loan, the status of the submission(s), and a Document File Identifier (Doc File ID.)
What is an SSR document?
Server-Side Rendering (SSR) means that some parts of your application code can run on both the server and the client. For React this means that you can render your components directly to HTML on the server side (e.g. via a node.
What does SSR stand for in Fannie Mae?
Submission Summary Report
As a reminder, PennyMac requires all pages of a successful Uniform Collateral Data Portal (UCDP) Submission Summary Report (SSR), from both Fannie Mae and Freddie Mac.
What is a submission summary report?
The Submission Summary Report displays information about a specific Doc File ID including its related appraisal data files.
What is FHA EAD SSR?
The Federal Housing Administration’s (FHA) Electronic Appraisal Delivery (EAD) portal is a web-based technology system that enables electronic transmission of appraisal reports to FHA from FHA mortgagees and/or their designated third- party service provider(s) prior to loan endorsement.
Can underwriter change appraised value?
The appraisal review underwriter can request additional comps from the original appraiser to justify his or her value as well too. All in all, just because an appraisal is completed does not mean that the lender will automatically accept its value. Most of the time, the lender will take the value.
Why do we need SSR?
SSR is used to fetch data and pre-populate a page with custom content, leveraging the server’s reliable internet connection. That is, the server’s own internet connection is better than that of a user with lie-fi), so it’s able to prefetch and amalgamate data before delivering it to the user.
What is the difference between SSR and CSR?
In the case of CSR, the HTML is generated on the client side by executing Javascript code in the browser. The Javascript code is executed by the browser Javascript engine (eg. Chrome V8, Nitro, SpiderMonkey etc.) In the case of SSR, the HTML is generated by executing code on the server-side.
Who submits appraisal to Ucdp?
The lender or its agent submits the appraisal data to UCDP and receives a Submission Summary Report with the status of the appraisal submission, and a Doc File ID to use when the loan is delivered to one of the GSEs.
How long does collateral underwriting take?
Under normal circumstances, initial underwriting approval happens within 72 hours of submitting your full loan file. In extreme scenarios, this process could take as long as a month. However, it’s unlikely to take so long unless you have an exceptionally complicated loan file.
What is Freddie Mac UCD?
The Uniform Closing Dataset (UCD) is a common industry dataset that allows information on the Consumer Financial Protection Bureau’s (CFPB’s) Closing Disclosure to be communicated electronically. It was developed by Freddie Mac and Fannie Mae (the GSEs) at the direction of the Federal Housing Finance Agency (FHFA).
What is EAD for appraisals?