Valuation Technical Design Doc v 1.0
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Transcript of Valuation Technical Design Doc v 1.0
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NorthShore SystemsProject: Freddie Mac Phase 2.1 Underwriting
Technical DocumentValuation
VALUATION REVISION HISTORY
y DNP Level: changed to Property Level per Mike (04/07/09)
Table of Contents
y Valuation List Gridy Valuationy Market Infoy Appraisal Property Infoy Amenitiesy Construction Analysisy Location Analysis/Location Qualitiesy Certificate of Property Conditiony Property Performancey Sales Compsy RentComps
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Notes For Programmers (Must read this first)
This project includes the following items (iFrames) all are on one screen with collapsable/expandable frames.
1. Valuation2. Market Info3. Appraisal Property Info4. Amenities5. Construction Analysis6. Location Analysis/Location Qualities7. Certificate of Property Condition8. Property Performance9. Sales Comps10.RentComps
In our current system, these are individual screensin differentVS.Net projects. We want to combine them to one screenin one VS.Net 2010 project, called ValuationC:\Inetpub\wwwroot\NS\Valuation\Main.aspx,ValuationList.aspx,Valuation.aspx, MarketInfo.aspx, etc
Valuation List grid is a very top grid. This grid is driven by PIPE_DEAL_APPRAISAL_LL AND PIPE_APPRAISAL, and eachrow should have an Appraisal_ID. Selecting a row in this grid should reload each frame with the Appraisal_ID andDeal_ID.
Since the screens (1..10) are existing ones, you can copy it from projects as shown below. Then,make additionalchanges as stated (in yellows) in the rest of this document.
iFrame Names Project Name where to get the code (FTP - 6/2/2011 folder) My Comments:
1.
Valuation Valuation (2003 prj) C:\Inetpub\wwwroot\Valuation\NS\Valuation\Valuation.aspx
2. Market Info MarketData(2010 prj) C:\Inetpub\wwwroot\MarketData\NS\MarketData\
Market.aspx
we sent youMarket Data screen
requirement on 6/1/2011 for
stand alone screen. Copy that
screen and put it in iframe on this
combined Valuation screen. So
we want a stand-aloneMarket
Data screen (6/1/2011) and also
in iFrame on Valuation screen
(6/2/2011)
3. Appraisal Property Info Appraisal2 C:\Inetpub\wwwroot\Appraisal2\NS\Appraisal2\PropertyInfo
4. Amenities Appraisal2 C:\Inetpub\wwwroot\Appraisal2\NS\Appraisal2\Amenities
5. Construction Analysis Appraisal2 C:\Inetpub\wwwroot\Appraisal2\NS\Appraisal2\Co
nstructionAnalysis6. Location Analysis/Location Qualities Appraisal2 C:\Inetpub\wwwroot\Appraisal2\NS\Appraisal2\Loc
ationAnalysis
7. Certificate of Property Condition Appraisal2 C:\Inetpub\wwwroot\Appraisal2\NS\Appraisal2\PropertyConditions\PropertyConditions.aspx
8. Property Performance Appraisal2 C:\Inetpub\wwwroot\Appraisal2\NS\Appraisal2\Pro
pertyPerformance
9. Sales Comps CompSalesRent C:\Inetpub\wwwroot\CompSalesRent\NS\Appraisal
\CompSale
Appraisal2 project also has this
SalesComps, but don't use it.
Copy the one from
CompSalesRent prj.
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10. RentComps CompSalesRent C:\Inetpub\wwwroot\CompSalesRent\NS\Appraisal\CompSalesRent
Appraisal2 project also has this
SalesComps, but don't use it.
Copy the one from
CompSalesRent prj.
Additional Notes: (for standard feature of the grids, adding rows, deleting rows, confirmation message for deleting rows,etc should all be consistent. See Market Data project document)
y There must be only Active (checked) allowed in Valuation List.y Active Valuation cannot be deleted.y Valuation List grid is a View-only grid.y In Valuation List grid, background color/Font style ofActive checked row should be:
o All rows backcolor="#E1E1E1"
o If the Active_YN = Y row Color.FromName("#0033CC") and bold
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VALUATION
Total # ofRequirements:
D N P L e v e l
The Valuation screen is a Property Level screen.The Security Matrix will have thesecurity at a Frame Level for all parentframes and the 3 sub frames under Valuation List grid the buttons will also be included. (Security Matrix is not HOBOsitem)
R e q u i r e m e n t D e s c r i p t i o n
The Valuation screen is a new screen that has been added to OUS to accommodate multiple valuations for a property.The Valuation and Sales Comps screens have been modified into frames beneath this Valuation screen.
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S c r e e n D e s i g n
Valuation Screen:
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ The frames below are also part of the consolidation of the pages. The frames below need to have ++ the capability to turn them off, IE: make them invisible. We will be using the table ++ T_Application_Rule_Lkup. An entry will be made for each frame below. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Appraisal Property Info:Market Info Frame:
Amenities:Construction Analysis:
Location Analysis/Location Qualities:Certificate of Property Condition:Property Performance:
If the Active_YN = Y, then the corresponding frame should be visible, otherwise it should be hidden (including the +/-icon of the collapsable/expandable frame) . You can hardcode the ID 316 to 322 for each frame as shown below.For example, if there is no row for ID 316, thats the same as Active_YN = N.
After you copy the code (as stated above in Programmer Notes section), compare the screens against the screen shotsbelow, the yellows mostly indicate the additional changes.
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Valuation Frame:(For Yellow markings below, the frame labels have been renamed)
New fieldset for Valuation
List Grid update
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Market Info Frame:
Appraisal Property Info:
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Amenities:
Construction Analysis:
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Location Analysis/Location Qualities:
Certificate of Property Condition:
Property Performance:
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Sales Comps:
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Rent Comps:
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D a t a R e q u i r e m e n t s
ValuationList
Gap FieldREQ_#
Table Name Table FieldFieldType
Active PIPE_APPRAISAL Active_YNCheckbox
ValuationType
PIPE_APPRAISAL_TYPE_LKUP Appaisal_Type_Lkup_IDDrop-Down
ReportDate
PIPE_APPRAISAL Report_DtNumeric(Date)
ValuationEffectiveDate
Numeric(Date)
Firm NameUpdate PIPE_LEDGER (ThirdParty) Always bring in the active.
SELECT PIPE_ENTITY.First_Name,PIPE_ENTITY.Last_Name,PIPE_ENTITY.ID
FROM PIPE_ENTITY INNER JOINPIPE_ENTITY_TYPE_LL
ON PIPE_ENTITY.ID =PIPE_ENTITY_TYPE_LL.ENTITY_IDWHERE(PIPE_ENTITY_TYPE_LL.LEDGER_TYPE_LKUP_ID = 1)
Drop-Down
ContactName
SELECT First_Name, Last_Name,Entity_IDFROM PIPE_ENTITY_CONTACTWHERE (Entity_ID = ID SelectedAbove)
Drop-Down
MAICertified PIPE_APPRAISAL MIA_Certified_YN
Checkbox
FIRREAAppraisal
PIPE_APPRAISAL FIRREA_Appraisal_YNCheckbox
Valuation
Gap Field REQ_#TableName
TableField
Field Type Comments
FINAL VALUATION
Final Cap Rate As-Is REQ_4619 calculated numeric ($)Calculation:As Is Final Value/As IsFreddie Mac NOI
Final Cap Rate As-Stabilized REQ_4619 calculated numeric ($)Calculation:As Stabilized Final Value/AStabilized Freddie Mac NOI
Final Value Per Sq. Ft. As- Is REQ_4621 calculated numeric ($)Calculation:As Is Final Value/ Total SqFt. of Property
Final Value Per Sq. Ft. As-Stabilized REQ_4621 calculated numeric ($) Calculation:As Stabilized FinalValue/Total Sq. Ft. of Property
Final Value Per UnitAs- Is REQ_4620 calculated numeric ($)Calculation:As Is Final Value/Total # Units
Final Value Per UnitAs-Stabilized REQ_4620 calculated numeric ($)Calculation:As Stabilized FinalValue/Total # of Units
Final Valuation As- IsREQ_481
BR.771calculated numeric ($)
Calculation: Minimum of (As Is Apprai
Property Value,As Is FRE UW PropertyValue)
Final Valuation As-StabilizedREQ_481BR.772
calculated numeric ($)Calculation: Minimum of (As StabilizedAppraisal Property Value,As Stabilized F
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UW Property Value)
Comments CR-new text
AppraisalDetails
Active
PIPE_APPRAIS
AL
Active_YN Checkbox
Valuation Type Drop-Down
Report Date
PIPE_APPRAIS
AL
Report_DtNumeric(Date)
Firm Name Drop-Down
Contact Name Drop-DownBlank (Default)Will be based on the contact associatedwith the firm in entity maintenance.
MAI Certified Checkbox
FIRREAAppraisal Checkbox
DIRECT CAP VALUATION
Appraisal Company REQ_4360 drop-down
Report Date
REQ_1336REQ_3922
PIPE_A
PPRAISAL
Report_Dt date
APPRAISAL TYPE
As-Is REQ_4850PIPE_APPRAISAL_VALUATION
AS_Is_Only_YN
radio button
As-Is and As-Stabilized REQ_4850
PIPE_APPRAISAL_VALUATION
AS_Is_Only_YN
radio button
RESIDENTIAL APPRAISALREQ_4348REQ_4357
NOI As- IsREQ_1341REQ_3970
PIPE_APPRAISAL_VALUATION_CALCULATION
S
RA_NOI_Amt
numeric ($)
NOI As-StabilizedREQ_1341REQ_3970
PIPE_APPRAISAL_VAL
UATION_CALCULATIONS
RA_NOI_A
mtnumeric ($)
Cap Rate As- IsREQ_1340REQ_3969
PIPE_APPR
AISAL_VALUATION_CALCULATIONS
RA_Cap_Rate_Pct
numeric ($)
Cap Rate As-StabilizedREQ_1340REQ_3969
PIPE_APPRAISAL_VALUATION_CALCULATIONS
RA_Cap_Rate_Pct
numeric ($)
Appraisal Value As- IsREQ_1339REQ_3968
PIPE_APPRAISAL_VALUATION_CA
LCULATIONS
RA_Appraisal_Value_A
mt
numeric ($)
Appraisal Value As-StabilizedREQ_1339REQ_3968
PIPE_APPRAISAL_VAL
UATION_CALCULATIONS
RA_Apprais
al_Value_Amt
numeric ($)
Value Per Sq. Ft. As- Is REQ_1084 Calculated RA_Value_S numeric ($) Calculation: AsIs Residential Appraisal
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REQ_4055 PIPE_APPR
AISAL_VALUATION_CALCULATIONS
q_Ft_amt Value /Total Residential Square Footage
Value Per Sq. Ft. As-Stabilized REQ_1084REQ_4055
CalculatedPIPE_APPR
AISAL_VALUATION_CA
LCULATIONS
RA_Value_Sq_Ft_amt
numeric ($) Calculation: As Stabilized ResidentialAppraisal Value /Total Residential SquarFootage.
Value Per UnitAs- IsREQ_468REQ_4055
CalculatedPIPE_APPRAISAL_VALUATION_CALCULATIONS
RA_Value_Unit_Amt
numeric ($)Calculation: As-Is Residential AppraisaValue /Total Number ofResidential Unit
Value Per UnitAs-StabilizedREQ_468REQ_4055
CalculatedPIPE_APPRAISAL_VALUATION_CA
LCULATIONS
RA_Value_Unit_Amt
numeric ($)Calculation: As Stabilized ResidentialAppraisal Value /Total Number ofResidential Units
COMMERCIAL APPRAISALREQ_4347REQ_4357
NOI As- IsREQ_2099REQ_3973
PIPE_APPRAISAL_VALUATION_CALCULATIONS
CA_NOI_Amt
numeric ($)
NOI As-StabilizedREQ_2099REQ_3973
PIPE_APPRAISAL_VALUATION_CA
LCULATIONS
CA_NOI_A
mtnumeric ($)
Cap Rate As- IsREQ_2098REQ_3972
PIPE_APPR
AISAL_VALUATION_CA
LCULATIONS
CA_Cap_Rate_Pct
numeric ($)
Cap Rate As-StabilizedREQ_2098REQ_3972
PIPE_APPRAISAL_VALUATION_CALCULATIONS
CA_Cap_Rate_Pct
numeric ($)
Appraisal Value As- IsREQ_2101REQ_3971
PIPE_APPRAISAL_VALUATION_CALCULATIONS
CA_Appraisal_Value_Amt
numeric ($)
Appraisal Value As-StabilizedREQ_2101REQ_3971
PIPE_APPRAISAL_VAL
UATION_CALCULATION
S
CA_Apprais
al_Value_Amt
numeric ($)
Value Per Sq. Ft. As- IsREQ_4359REQ_4055
calculatedPIPE_APPRAISAL_VALUATION_CA
LCULATIONS
CA_Value_Sq_Ft_Amt
numeric ($)
Calculation:As Is Commercial AppraisValue/Total Commercial Square Footage
CA_Appraisal_Value_Amt / SUMPIPE_RENT_ROLL_DETAIL.SQFT For thactive rent roll Where
PIPE_RENT_DETAIL.Tenant_Type_Lkup= 2
Value Per Sq. Ft. As-Stabilized REQ_4359 calculated CA_Value_S numeric ($) Calculation:As Stabilized Commercial
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REQ_4055 PIPE_APPR
AISAL_VALUATION_CALCULATIONS
q_Ft_Amt Appraisal Value/Total CommercialSquareFootage.
CA_Appraisal_Value_Amt / SUMPIPE_RENT_ROLL_DETAIL.SQFT For thactive rent roll WherePIPE_RENT_DETAIL.Tenant_Type_Lkup
= 2
COMBINED APPRAISAL VALUE REQ_4349
NOI As- IsREQ_4361REQ_4055
calculatedPIPE_APPRAISAL_VAL
UATION_CALCULATIONS
CAV_NOI_Amt
numeric ($)
Calculation:As Is Residential NOI + ACommercial NOI.
= RA_NOI_Amt + CA_NOI_Amt
NOI As-StabilizedREQ_4361REQ_4055
calculatedPIPE_APPRAISAL_VALUATION_CALCULATIONS
CAV_NOI_Amt
numeric ($)
Calculation:As Stabilized Residential N+ As Stabilized Commercial NOI.
= RA_NOI_Amt + CA_NOI_Amt
Cap Rate As- IsREQ_405REQ_4055
calculatedPIPE_APPRAISAL_VALUATION_CALCULATIONS
CAV_Cap_R
ate_Pctnumeric ($)
Calculation:As Is Property NOI /As IsAppraisal Property Value.
CAV_NOI_Amt / CAV_Appraisal_Value_A
Cap Rate As-StabilizedREQ_405REQ_4055
calculated
PIPE_APPRAISAL_VALUATION_CALCULATIONS
CAV_Cap_Rate_Pct
numeric ($)
Calculation:As Is Property NOI /AsStabilized Appraisal Property Value.
CAV_NOI_Amt / CAV_Appraisal_Value_A
Appraisal Value As- IsREQ_2102REQ_4055
calculatedPIPE_APPRAISAL_VAL
UATION_CA
LCULATIONS
CAV_Appraisal_Value_Amt
numeric ($)
Calculation:As Is Residential AppraisaValue + As Is Commercial Appraisal Val
RA_Appraisal_Value_Amt +
CA_Appraisal_Value_Amt
Appraisal Value As-StabilizedREQ_2102REQ_4055
calculatedPIPE_APPRAISAL_VALUATION_CALCULATIONS
CAV_Appraisal_Value_Amt
numeric ($)
Calculation: As Stabilized ResidentialAppraisal Value + As Stabilized CommerAppraisal Value.
RA_Appraisal_Value_Amt +CA_Appraisal_Value_Amt
Value Per UnitAs- Is REQ_468Pipe_Apprai
sal
Direct_Cap
_Valuenumeric ($)
Calculation: As Is Appraisal Value(Combined) divided by Total Residentia
Units
Value Per unitAs-Stabilized REQ_468Pipe_Appraisal
Direct_Cap_Value
numeric ($)Calculation: As Stabilized Appraisal Va(Combined) divided by Total ResidentiaUnits
COST APPROACH
Improvements CostREQ_7901REQ_7902
PIPE_APPRAISAL
Improvement_Cost_Am
tnumeric ($)
Land ValueREQ_7899REQ_7900
PIPE_APPRAISAL
Land_Value_Amt
numeric ($)
ValueREQ_7903REQ_7904
Pipe_Appraisal
Cost_App_V
aluenumeric ($)
Value Per Unit REQ_7905Pipe_Appraisal
Cost_App_Value_Per_Unit_Amt
numeric ($)Calculation: Value per Unit = (CostApproach:Value) / Total Residential Un
APPRAISED VALUE
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Appraised Value As- IsPipe_Apprai
sal
Final_recon
_Valuenumeric ($)
Appraised Value As-StabilizedPipe_Appraisal
Stabilized_Value_Amt
numeric ($)
Value Date As- IsREQ_7884REQ_7885REQ_7886
Pipe_Appraisal
Value_As_Is_Dt
numeric(date)
Value Date As-StabilizedREQ_7887REQ_7888REQ_7889
Pipe_Appraisal
Value_As_Stabilized_DT
numeric(date)
Appraised Value Per UnitAs-Is
Calculated
Pipe_Appraisal
Appraised_Value_Per_Unit_As_Is_Amt
numeric ($)Calculation:As Is Appraised Value divby Total Residential Units
Appraised Value Per UnitAs-Stabilized
CalculatedPipe_Appraisal
Appraised_Value_Per_
Unit_As_Stabilized_Amt
numeric ($)Calculation:As Stabilized Appraised Va
divided by Total Residential Units
MARKET APPROACH
ValueREQ_7908REQ_7909
Pipe_Appraisal
Sales_Comp_Value
numeric ($)
Value Per Unit REQ_7910
Pipe_Apprai
sal
Sales_Value
_Per_Unit_Amt numeric ($)
Calculation:
Value Per Unit = (Sales ComparisonApproach:Value) / (Total Residential Un
INSURABLE VALUE
ValueREQ_7914REQ_7915
Pipe_Appraisal
Insurable_Value
numeric ($)
Value Per Unit REQ_7916Pipe_Appraisal
Insurable_Value_Per_Unit_Amt
numeric ($)Calculation:
Insurable Value Per Unit =(Insurable Value) / Total Residential Un
CommentsPIPE_APPRAISAL_VALUATION
Appraisal_Valuation_Comments
text
FREDDIE MAC VALUATION
Separate Commercial Valuation?Pipe_Appraisal
Separate_Commercial_Valuation_YN
checkbox
RESIDENTIAL VALUATION REQ_1050
NOI As- Is REQ_3801
PIPE_APPRAISAL_VALUATION_CALCULATIONS
RV_NOI_Amt
numeric ($)
BR.2390Residential NOI must be calculated as thdifference between NOI(total) andCommercial NOI.
Mapped: IfSeparate CommercialValuation = checked, field will map to AResidential NOI from FRE Proforma
Mapped: IfSeparate CommercialValuation = not checked, field will map As-Is (total) NOI from FRE Proforma
NOI As-Stabilized REQ_3801
PIPE_APPR
AISAL_VALUATION_CALCULATIONS
RV_NOI_Amt
numeric ($)
Mapped: IfSeparate CommercialValuation = checked, field will map to AStabilized Residential NOI from FRE
Proforma
Mapped: IfSeparate CommercialValuation = not checked, field will map As-Stabilized (total) NOI from FREProforma
Cap Rate As- IsREQ_517REQ_3974
PIPE_APPRAISAL_VAL
UATION_CALCULATIONS
RV_Cap_Rate_Pct
numeric ($)
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Cap Rate As-StabilizedREQ_517REQ_3974
PIPE_APPR
AISAL_VALUATION_CALCULATIONS
RV_Cap_Rate_Pct
numeric ($)
UW Cap Rate As- Is REQ_884REQ_4057
CalculatedPIPE_APPR
AISAL_VALUATION_CA
LCULATIONS
RV_UW_Cap_Rate_Pct
numeric ($)
Calculation: As Is Freddie MacResidential NOI divided by As Is FreddieMac Underwritten Residential Value.
UW Cap Rate As-StabilizedREQ_884REQ_4057
CalculatedPIPE_APPRAISAL_VALUATION_CALCULATIONS
RV_UW_Cap_Rate_Pct
numeric ($)
Calculation: As-Is Freddie MacResidential NOI divided by As-Is FreddieMac Underwritten Residential Value.
Value As- IsREQ_882REQ_4057
CalculatedPIPE_APPRAISAL_VALUATION_CA
LCULATIONS
RV_Value_Amt
numeric ($)Calculation: As-Is Freddie MacResidential NOI/As-Is Cap Rate
Value As-StabilizedREQ_882REQ_4057
CalculatedPIPE_APPRAISAL_VALUATION_CALCULATIONS
RV_Value_Amt
numeric ($)Calculation: As-Stabilized Freddie MacResidential NOI/ As-Stabilized Cap Rate
UW Value As- IsREQ_883REQ_3975
PIPE_APPRAISAL_VALUATION_CALCULATIONS
RV_UW_Value_Amt
numeric ($)
UW Value As-StabilizedREQ_883REQ_3975
PIPE_APPRAISAL_VALUATION_CA
LCULATION
S
RV_UW_Value_Amt
numeric ($)
UW Value/Sq. Ft. As- IsREQ_1054REQ_4057
CalculatedPIPE_APPRAISAL_VALUATION_CALCULATIONS
RV_UW_Value_Sqft_Amt
numeric ($)
Calculation: IfSeparate CommercialValuation = checked,As-Is FRE UWResidential Value/Total Residential Sq. F
Calculation: IfSeparate CommercialValuation = not checked,As-Is FRE UWResidential Value/Total Sq. Ft.
UW Value/Sq. Ft. As-StabilizedREQ_1054REQ_4057
CalculatedPIPE_APPR
AISAL_VALUATION_CALCULATIONS
RV_UW_Val
ue_Sqft_Amt
numeric ($)
Calculation: IfSeparate CommercialValuation = checked,As-Stabilized FRE UResidential Value/Total Residential Sq. F
Calculation: IfSeparate CommercialValuation = not checked,As-Stabilized FUW Residential Value/Total Sq. Ft.
UW Value/UnitAs- IsREQ_1053REQ_4057
CalculatedPIPE_APPR
AISAL_VALUATION_CA
LCULATIONS
RV_UW_Value_Per_Uni
t_Amt
numeric ($)
Calculation: IfSeparate Commercial
Valuation = checked,As-Is FRE UWResidential Value/Total # Residential Un
Calculation: IfSeparate CommercialValuation = not checked,As-Is FRE UWResidential Value/Total # Units
UW Value/UnitAs-StabilizedREQ_1053REQ_4057
CalculatedPIPE_APPRAISAL_VALUATION_CALCULATION
RV_UW_Value_Per_Unit_Amt
numeric ($)
Calculation: IfSeparate CommercialValuation = checked,As-Stabilized FRE UResidential Value/Total # Residential Un
Calculation: IfSeparate Commercial
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S Valuation = not checked,As-Stabilized F
UW Residential Value/Total # Units
COMMERCIAL VALUATION REQ_1411
NOI As- Is REQ_3804
PIPE_APPR
AISAL_VALUATION_CALCULATION
S
CV_NOI_Amt
numeric ($)
Mapped: display from fre proforma
there are rules around what gets displaydepending on the separate commercialvaluation indicator. refer to req_3804 fo
details.
NOI As-Stabilized REQ_3804
PIPE_APPRAISAL_VALUATION_CALCULATIONS
CV_NOI_Amt
numeric ($)
Mapped: display from fre proformathere are rules around what gets displaydepending on the separate commercialvaluation indicator. refer to req_3804 fo
details.
Cap Rate As- IsREQ_1051REQ_3976
PIPE_APPRAISAL_VALUATION_CA
LCULATIONS
CV_Cap_Rate_Pct
numeric ($)
Cap Rate As-StabilizedREQ_1051REQ_3976
PIPE_APPRAISAL_VALUATION_CALCULATIONS
CV_Cap_Ra
te_Pctnumeric ($)
UW Cap Rate As- IsREQ_1412REQ_4058
Calculated
PIPE_APPRAISAL_VALUATION_CALCULATIONS
CV_UW_Cap_Rate_Pct
numeric ($)Calculation: FRE As-Is CommercialNOI/FRE As-Is UW Commercial Value
UW Cap Rate As-StabilizedREQ_1412REQ_4058
CalculatedPIPE_APPRAISAL_VAL
UATION_CALCULATIONS
RV_UW_Ca
p_Rate_Pct
numeric ($)
Calculation: FRE As-StabilizedCommercial NOI/FRE As-Stabilized UWCommercial Value
Value As- IsREQ_1055
REQ_4058
Calculated
PIPE_APPRAISAL_VAL
UATION_CALCULATIONS
RV_Value_A
mtnumeric ($)
Calculation: FRE As-Is Commercial
NOI/FRE As-Is Commercial Cap Rate
Value As-StabilizedREQ_1055REQ_4058
CalculatedPIPE_APPRAISAL_VAL
UATION_CALCULATIONS
RV_Value_Amt
numeric ($)Calculation: FRE As-StabilizedCommercial NOI/ FRE As-StabilizedCommercial Cap Rate
UW Value As- IsREQ_1049REQ_3977
PIPE_APPRAISAL_VALUATION_CALCULATIONS
RV_UW_Value_Amt
numeric ($)
UW Value As-Stabilized REQ_1049REQ_3977
PIPE_APPRAISAL_VAL
UATION_CALCULATIONS
RV_UW_Value_Amt numeric ($)
UW Value/Sq. Ft. As- IsREQ_1530REQ_4058
PIPE_APPRAISAL_VALUATION_CA
LCULATIONS
RV_UW_Value_Amt
PIPE_APPRAISAL_VALUATION_CALC
ULATIONS
Calculation: FRE As-Is UW CommerciValue/Total Commercial Sq. Ft.
UW Value/Sq. Ft. As-StabilizedREQ_1530REQ_4058
CalculatedPIPE_APPR
AISAL_VAL
RV_UW_Value_Sqft_Amt
numeric ($)Calculation: FRE As-Stabilized UWCommercial Value/Total Commercial Sq
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UATION_CA
LCULATIONS
BLENDED VALUATION REQ_2097
Cap Rate As- Is REQ_2095
PIPE_APPRAISAL_VALUATION_CA
LCULATIONS
CV_Cap_Ra
te_Pct
numeric ($)Calculation: FRE As-Is NOI/FRE As-Is
Property Value
Cap Rate As-Stabilized REQ_2095
PIPE_APPRAISAL_VALUATION_CA
LCULATIONS
CV_Cap_Rate_Pct
numeric ($)Calculation: FRE As-Stabilized NOI/FRAs-Stabilized Property Value
NOI As- Is REQ_4362
PIPE_APPRAISAL_VAL
UATION_CALCULATIONS
CV_NOI_A
mtnumeric ($)
Mapped: FRE As-Is NOI from Freddie MAs-Is Proforma
NOI As-Stabilized REQ_4362
PIPE_APPR
AISAL_VALUATION_CALCULATIONS
CV_NOI_Amt
numeric ($)Mapped: FRE As-Stabilized NOI fromFreddie Mac As-Is Proforma
Value As- Is REQ_2096
CalculatedPIPE_APPRAISAL_VALUATION_CA
LCULATIONS
CV_Value_Amt
numeric ($)Calculation: FRE As-Is UW ResidentiaValue + FRE As-IS UW Commercial Valu
Value As-Stabilized REQ_2096
CalculatedPIPE_APPR
AISAL_VALUATION_CALCULATIONS
CV_Value_Amt
numeric ($)
Calculation: FRE As-Stabilized UWResidential Value + FRE As- Stabilized UCommercial Value
Comments CR-newPIPE_APPRAISAL_VAL
UATION
Blended_Valuation_Co
mments
text
Market Info -MOVED TO THE NEWMARKET PAGE
Gap Field REQ_# Table Name Table Field Field TypeMARKET OVERVIEW
Vacancy PIPE_PROPERTY_MARKET_DATA
Previous QuarterVacancy
REQ_7794REQ_7795 PIPE_PROPERTY_MARKET_DATA
Numeric(Percentage wit2 Decimals)
Inventory (Units)REQ_7798REQ_7799 PIPE_PROPERTY_MARKET_DATA
Numeric (WholeNumber)
Asking RentREQ_7802REQ_7803
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber, $)
Previous QuarterAsking Rent
REQ_7802REQ_7803
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber, $)
Absorption (Units)REQ_7810REQ_7811
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
Source of MarketData
Text
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Date of Market Data Numeric (Date)
MarketRating Text
UnemploymentREQ_7832REQ_7833 PIPE_PROPERTY_MARKET_DATA
Numeric(Percentage wit2 Decimals)
UnemploymentAsOf Date REQ_7816REQ_7817 PIPE_PROPERTY_MARKET_DATA Month/Year
Avg HouseholdIncome
REQ_7818REQ_7819
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber, $)
Avg HouseholdIncome As Of Date
REQ_7820REQ_7821
PIPE_PROPERTY_MARKET_DATA Year
PopulationREQ_7822REQ_7823
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
Population As OfDate
REQ_7824REQ_7825
PIPE_PROPERTY_MARKET_DATA Year
Est HouseholdIncome
REQ_7826REQ_7827
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber, $)
Est Household
Income Date
REQ_7828
REQ_7829 PIPE_PROPERTY_MARKET_DATA Year
Est PopulationREQ_4557
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
Est Population As OfDate
REQ_4557PIPE_PROPERTY_MARKET_DATA Year
Employer Name 1REQ_7830REQ_7831
PIPE_PROPERTY_MARKET_DATA Text
Employer Name 1No. of Employees
REQ_7832REQ_7833
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
Employer Name 2REQ_7830REQ_7831
PIPE_PROPERTY_MARKET_DATA Text
Employer Name 2
No. of Employees
REQ_7832
REQ_7833PIPE_PROPERTY_MARKET_DATA
Numeric (Whole
Number)
Employer Name 3REQ_7830REQ_7831
PIPE_PROPERTY_MARKET_DATA Text
Employer Name 3No. of Employees
REQ_7832REQ_7833
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
Employer Name 4REQ_7830REQ_7831
PIPE_PROPERTY_MARKET_DATA Text
Employer Name 4No. of Employees
REQ_7832REQ_7833
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
Employer Name 5REQ_7830REQ_7831
PIPE_PROPERTY_MARKET_DATA Text
Employer Name 5No. of Employees
REQ_7832REQ_7833
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
Comments REQ_4557 PIPE_PROPERTY_MARKET_DATA TextSUBMARKET
OVERVIEW
Vacancy PIPE_PROPERTY_MARKET_DATA
Previous QuarterVacancy
REQ_7796REQ_7797 PIPE_PROPERTY_MARKET_DATA
Numeric(Percentage wit2 Decimals)
Inventory (Units)REQ_7800REQ_7801
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber)
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Asking RentREQ_7804REQ_7805
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber, $)
Previous QuarterAsking Rent
REQ_7804REQ_7805
PIPE_PROPERTY_MARKET_DATANumeric (WholeNumber, $)
Absorption (Units)REQ_7812
REQ_7813
PIPE_PROPERTY_MARKET_DATANumeric (Whole
Number)Sources
REQ_7836REQ_7837
PIPE_PROPERTY_MARKET_DATA Text
Sources As Of DateREQ_7838REQ_7839
PIPE_PROPERTY_MARKET_DATA Numeric (Date)
SubmarketStudioRent
REQ_7840PIPE_PROPERTY_MARKET_DATA
Numeric (WholeNumber, $)
Submarket 1 BRRent
REQ_7840PIPE_PROPERTY_MARKET_DATA
Numeric (WholeNumber, $)
Submarket 2 BRRent
REQ_7840PIPE_PROPERTY_MARKET_DATA
Numeric (WholeNumber, $)
Submarket 3 BRRent
REQ_7840PIPE_PROPERTY_MARKET_DATA
Numeric (WholeNumber, $)
Submarket 4 BRRent
REQ_7840PIPE_PROPERTY_MARKET_DATA
Numeric (WholeNumber, $)
Property In-PlaceStudio Rent
REQ_7834REQ_7835
PIPE_PROPERTY_MARKET_DATA
Calculation:Weighted AveraofRental Rate bBedroomCount
Avg. ContractRent for each UTypeMULTIPLIED BY# of Units for U
Type
Property In-Place 1BRRent
REQ_7834REQ_7835
PIPE_PROPERTY_MARKET_DATA
Calculation:Weighted AveraofRental Rate bBedroomCount
Avg. ContractRent for each UTypeMULTIPLIED BY# of Units for UType
Property In-Place 2BRRent
REQ_7834
REQ_7835
PIPE_PROPERTY_MARKET_DATA
Calculation:
Weighted AveraofRental Rate bBedroomCount
Avg. ContractRent for each UTypeMULTIPLIED BY# of Units for U
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Type
Property In-Place 3BRRent
REQ_7834REQ_7835
PIPE_PROPERTY_MARKET_DATA
Calculation:Weighted AveraofRental Rate bBedroomCount
Avg. ContractRent for each UTypeMULTIPLIED BY# of Units for UType
Property In-Place 4BRRent
REQ_7834REQ_7835
PIPE_PROPERTY_MARKET_DATA
Calculation:Weighted AveraofRental Rate bBedroomCount
Avg. Contract
Rent for each UTypeMULTIPLIED BY# of Units for UType
Comments REQ_7840 PIPE_PROPERTY_MARKET_DATA Text
Appraisal PropertyInfo
- PLEASEUSECURRENTPAGE FORMAPPING
Gap Field REQ_# Table Name Table Field Field Type
Overall Condition Drop-Down
Seismic Zone Drop-Down
Appraisal UnitsNumeric (WhoNumber)
U of M Drop-Down
Flood Zone Drop-Down
Current Zoning Text
Comm. Panel#/Date
Numeric (WhoNumber)
Legal Use Radio
Conforming Use Radio
Legal CommentsText (CommenBox)
FEMA Map Date PIPE_Appraisal_Extended FEMA _Map_Dt Numeric (Date
RentCommentsText (CommenBox)
RentControl Checkbox
Property Class Drop-Down
Parking SpacesNumeric (WhoNumber)
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Star Rating Drop-Down
Prkg Ratio/1,000GLA
Numeric (Pct toDecimals)
Gross Sq. Ft.Numeric (WhoNumber)
RV/BoatSpaces Numeric (WhoNumber)
Number BuildingsNumeric (WhoNumber)
Number ofElevators
Numeric (WhoNumber)
Number ofStoriesNumeric (WhoNumber)
Mezzanine Checkbox
Year Built
Year Expanded
Year LastRenovated
Drop-Down
Prop Type Drop-Down
Space Type Text
Num UnitsNumeric (WhoNumber)
SF/UnitsNumeric (WhoNumber)
UnitRent/MoNumeric (WhoNumber)
Amenities PLEASE USECURRENT PAGE FORMAPPING
Gap Field REQ_# Table Name Table Field Field TypeAmenity Item Drop-Down
Qty.Numeric (WholeNumber)
Comment Text
Common AmenityItem
Drop-Down
Common Amenity Qty.Numeric (WholeNumber)
Common AmenityComment
Text
Security Amenity Item Drop-Down
Security Amenity Qty.Numeric (WholeNumber)
Security AmenityComment
Text
Construction AnalysisPLEASE USE CURRENTPAGE FOR MAPPING
Gap Field REQ_# Table Name Table Field Field Type
Item Drop-Down
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Rating Drop-Down
Type Text
Construction Text (Comment Box
LocationAnalysis/LocationQualities
PLEASE USE CURRENTPAGE FOR MAPPING
Gap Field REQ_# Table Name Table Field Field Type
Item Drop-Down
Rating Drop-Down
Dist. FromSubjectNumeric (WholeNumber)
Quality Drop-Down
Quality Comments Text (Comment Box
Certificate of PropertyConditions PLEASEUSE CURRENT PAGEFOR MAPPING
Gap Field REQ_# Table Name Table Field Field Type
Phased Property Checkbox
Shared Amenities Checkbox
Commercial Uses Checkbox
Shared Access Checkbox
Non-ContiguousParcels
Checkbox
Unusual Easements Checkbox
Partial Condo CheckboxGround Lease Checkbox
Flag Lot Checkbox
UnusualEncroachments
Checkbox
100% Condo Checkbox
Other Checkbox
Description Text
Comments Text (Comment Box
Property PerformancePLEASE USE CURRENT
PAGE FOR MAPPINGGap Field REQ_# Table Name Table Field Field Type
Item Drop-Down
ItemSub Type Drop-Down
Num/PctNumeric (2 DecimaPlaces)
Date Numeric (Date)
Sales / Comp
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Gap Field REQ_# Table Name Table Field Field Type Comm
x
IncludedSalesComparison
onApprovalDoc
REQ_4564 checkbox (Y/N)
Photo button
xInclude inApprovalDoc
Pipe_Appraisal_Sales_Comp Include_Sales_Comparison_YN checkbox (Y/N)
x Source REQ_4407 Pipe_Appraisal_Sales_Comp Data_Source drop-down
Date ofSale
REQ_3795REQ_3878
Pipe_Appraisal_Sales_Comp Sale_Dt date
PropertyName
REQ_3792REQ_3874
Pipe_Appraisal_Sales_Comp Property_Name text
PropertyAddress
REQ_3871REQ_3875
Pipe_Appraisal_Sales_Comp Address text
PropertyCity
REQ_3793REQ_3876
Pipe_Appraisal_Sales_Comp City text
PropertyState
REQ_3794REQ_3877
Pipe_Appraisal_Sales_Comp State text
PropertyZip
Pipe_Appraisal_Sales_Comp Postal_Code_1_5 numeric (5-4)
Year BuiltREQ_3796REQ_3879
Pipe_Appraisal_Sales_Comp Built_Yr numeric(4)
# of UnitsREQ_3797REQ_3880
Pipe_Appraisal_Sales_Comp Units numeric(integer)
Total Sq.
Ft.
REQ_3799REQ_3882
Pipe_Appraisal_Sales_Comp Size numeric (integer)
xAverageSq. Ft./Unit
REQ_3800REQ_3883
numeric (integer) NOT CA
Sale PriceREQ_463REQ_3872
Pipe_Appraisal_Sales_Comp Actual_Price_Amt numeric ($)
xSalePrice/Sq.Ft.
REQ_3791REQ_3873
numeric ($) NOT CA
x Sale Price/Unit
REQ_1161REQ_3884
numeric ($) NOT CA
ImpliedCAP Rate
REQ_3798REQ_3881
Pipe_Appraisal_Sales_Comp Est_Cap_Rate_Pct numeric (%)
Comments Pipe_Appraisal_Sales_Comp Comments text
x Source textFRE AsStabiliz
Date ofSale
Loan_Purpose REFI_Acquired_Dt date
PropertyName
Pipe_Deal Deal_Name text Record
PropertyAddress
Pipe_Property Prop_Addr1 text
PropertyCity
Pipe_Property Prop_City text
PropertyState Pipe_Property Prop_State text
PropertyZip
Pipe_PropertyPostal_Code_1_5Postal_Code_6_9
numeric (5-4)
Year Built Pipe_Property Prop_Year_Built_Dt numeric(4)
# of Units V_Rent_Roll_Unit_Sq_Totals Total_Units numeric (integer)
ComesbutRethe Protaking
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Total Sq.Ft.
Pipe_Appraisal_Sales_Comp Size numeric (integer)
AverageSq. Ft./Unit
Pipe_Appraisal_Sales_Comp Avg_Sqft_By_Unit_Amt numeric (integer) Total_S
x Sale Price Pipe_Appraisal_Sales_Comp Actual_Price_Amt numeric ($)Pulls frFinal V
xSalePrice/Sq.Ft.
Pipe_Appraisal_Sales_Comp Actual_Price_By_Sqft_Amt numeric ($)Pulls fr
Final V
xSale Price
/UnitPipe_Appraisal_Sales_Comp Actual_Price_By_Unit_Amt numeric ($)
Pulls frFinal V
Adj.Price/Unit
REQ_7771 PIPE_APPRAISAL_SALES_COMP Sales_Price_Unit_Adjusted_Amt numeric ($)
xImpliedCAP Rate
numeric (% to 2decimals) [CR 88]
Pulls frAs-Is FFinal Imbased
ComparisonREQ_7771,REQ_7773,REQ_7776
PIPE_APPRAISAL_SALES_COMP Overall_Compatibility_Lkup_Id Drop-Down-Simila-Inferio-Super
X Comments Pipe_Appraisal_Sales_Comp Comments text
Rent Comps
Gap Field REQ_# Table Name Table Field Field TypeRentable Comparable Information
Photo
Details Radio
Property Name
REQ_7871REQ_7844REQ_7845
PIPE_APPRAISAL_RENTAL_COMP Property_Name Text
AddressREQ_7846REQ_7847
PIPE_APPRAISAL_RENTAL_COMP Address Text
CityREQ_7848REQ_7849
PIPE_APPRAISAL_RENTAL_COMP City Text
ST REQ_7850REQ_7851 PIPE_APPRAISAL_RENTAL_COMP ST Drop-Down
ZipREQ_7883REQ_7607
PIPE_APPRAISAL_RENTAL_COMP Postal_Code_1_5Numeric (ZiCode)
Tenant Type PIPE_APPRAISAL_RENTAL_COMP Tenant_Type Drop-Down
UnitsREQ_7859REQ_7860 PIPE_APPRAISAL_RNTL_COMP_DTL Units
Numeric(WholeNumber)
Occupancy % REQ_7867 PIPE_APPRAISAL_RNTL_COMP_DTL Occ_Pct Numeric (2
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REQ_7868 DecimalPlaces)
Distance fromSubject
PIPE_APPRAISAL_RENTAL_COMP Distance_Frm_Subject_Miles Text
Year Built
REQ_7852
REQ_7853 PIPE_APPRAISAL_RENTAL_COMP Built_Yr
Numeric
(WholeNumber)
Location PIPE_APPRAISAL_RENTAL_COMP Location Drop-Down
Condition PIPE_APPRAISAL_RENTAL_COMP Condition Drop-Down
Amenities PIPE_APPRAISAL_RENTAL_COMP Amenities Drop-Down
Quality PIPE_APPRAISAL_RENTAL_COMP Quality Drop-DownAppeal PIPE_APPRAISAL_RENTAL_COMP Appeal Drop-Down
Overall PIPE_APPRAISAL_RENTAL_COMP Overall Drop-Down
Comments PIPE_APPRAISAL_RENTAL_COMP Comments Text
Concession PIPE_APPRAISAL_RENTAL_COMP Concession Text
Utility IncludedRent
PIPE_APPRAISAL_RENTAL_COMP Utility_Included_Rent Text
Rentable Comparable Details
Tenant PIPE_APPRAISAL_RNTL_COMP_DTL Tenant_Name Text
Leasing Area(SF)
PIPE_APPRAISAL_RNTL_COMP_DTL SqFtNumeric(WholeNumber)
Start Date PIPE_APPRAISAL_RNTL_COMP_DTL Start_DtNumeric(Date)
Term (Yrs) PIPE_APPRAISAL_RNTL_COMP_DTL TermNumeric(WholeNumber)
Rent/UnitREQ_7865,REQ_7866
PIPE_APPRAISAL_RNTL_COMP_DTL Avg_Rent_Unit_Amt Numeric ($)
RentRangeREQ_7865,
REQ_7866PIPE_APPRAISAL_RNTL_COMP_DTL Rent_Range_Amt Text
Base Rental/SFREQ_7863REQ_7864
PIPE_APPRAISAL_RNTL_COMP_DTL Base_Rental_SF_Amt Range
Unit Type REQ_7854 PIPE_APPRAISAL_RNTL_COMP_DTL Space_Type
UnitSize (SF)REQ_7863REQ_7864 PIPE_APPRAISAL_RNTL_COMP_DTL SqFt
Numeric(WholeNumber)
# of BedsREQ_7855REQ_7856 PIPE_APPRAISAL_RNTL_COMP_DTL No_Beds
Numeric(WholeNumber)
# of BathsREQ_7857REQ_7858 PIPE_APPRAISAL_RNTL_COMP_DTL No_Bath
Numeric(Whole
Num
ber)
CommentsREQ_7862REQ_7869REQ_7870
PIPE_APPRAISAL_RNTL_COMP_DTL Comments Text
D r o p - D o w n C o n f i g u r a t i o n
Field REQ Drop-Down Value
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ValuationType
BLANKComplete,Self-Contained (Default)Complete,SummaryLimited,Self-ContainedLimited SummaryRestrictedBroker Price Opinion
Other
Overall Condition
BLANK (Default)PoorFairAverageGoodExcellent
Seismic Zone
BLANK (Default)012A
2B345PML
U of M
BLANK (Default)UnitsRoomsPadsSq FtBed
Flood Zone
BLANK (Default)ZONE AZONE BZONE CZONE DSHADED XUNSHADED X
Property Class
BLANK (Default)ABCD
Star Rating
BLANK (Default)One
TwoThreeFourFive
Year Built
BLANK (Default)19002100
Year Expanded BLANK (Default)
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19002100
Year LastRenovated
BLANK (Default)1900
2100
Prop TypeBLANK (Default)MultifamilyMultifamily w/Commercial
Amenity Item
BLANK (Default)Balcony/PatioCar Wash AreaClub HouseDishwasherDisposalOther AmenitiesDrapes
Fire PlacesFitnessCenterBasketball CourtGuarded GateIndoor PoolGolfCourseRacquetball CourtLoftsMicrowaveFitnessCenterVolleyball CourtMini-BlindsOutdoor PoolPlaygroundOven/RangeExternal StorageOverhead FansPanic ButtonCarCareCenterPerimeter FencePlaygroundRefrigeratorSauna/JacuzziSecurity PatrolStorage
Tennis CourtsTrash CompactorUnitActivated EntranceVaulted CeilingW&D Hook-UpsWasher/DryerSprinklersSmoke Alarm
Common Amenity BLANK (Default)
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Items Balcony/PatioCar Wash AreaClub HouseDishwasherDisposal
OtherAm
enitiesDrapesFire PlacesFitnessCenterBasketball CourtGuarded GateIndoor PoolGolfCourseRacquetball CourtLoftsMicrowaveFitnessCenterVolleyball Court
Mini-BlindsOutdoor PoolPlaygroundOven/RangeExternal StorageOverhead FansPanic ButtonCarCareCenterPerimeter FencePlaygroundRefrigeratorSauna/JacuzziSecurity Patrol
StorageTennis CourtsTrash CompactorUnitActivated EntranceVaulted CeilingW&D Hook-UpsWasher/DryerSprinklersSmoke Alarm
Security AmenityItems
BLANK (Default)Balcony/PatioCar Wash Area
Club HouseDishwasherDisposalOther AmenitiesDrapesFire PlacesFitnessCenterBasketball CourtGuarded Gate
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Indoor PoolGolfCourseRacquetball CourtLoftsMicrowave
FitnessCenterVolleyball Court
Mini-BlindsOutdoor PoolPlaygroundOven/RangeExternal StorageOverhead FansPanic ButtonCarCareCenterPerimeter FencePlaygroundRefrigerator
Sauna/JacuzziSecurity PatrolStorageTennis CourtsTrash CompactorUnitActivated EntranceVaulted CeilingW&D Hook-UpsWasher/DryerSprinklersSmoke Alarm
Construction AnalysisItem
BLANK (Default)Frame Type
Siding TypeRoof TypePlumbingConcreteMasonrySteel
Construction AnalysisRating
BLANK (Default)ExcellentGoodAverageFairPoor
Location AnalysisItem
BLANK (Default)Power LinesRailroad LinesLandfillsSewer FacilitiesHigh Volume Streets
Location AnalysisRating
BLANK (Default)PoorFair
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AverageGoodExcellent
Quality
BLANK (Default)Access to Local Amen
TrafficGroundsProperty Condition
PropertyPerformance Item
BLANK (Default)CovenantAnalysisEconomic VacancyPhysical Vac-SubMarketPhysical Vacancy-MarketPhysical Vacancy=SubjectValue Comp Method
ItemSub Type
BLANK (Default)If Property Performance Item is CovenantAnalysis, ItemSub Type is:
y DCR
y LTCy LTV
If Property Performance Item is Economic Vacancy, ItemSub Type is:y Appraisery Lender Survey
If Property Performance Item is Physical Vacancy-Market, ItemSub Type is:y Appraisery Prior Yeary Underwritingy Year-To-Date
If Property Performance Item is Physical Vacancy-Subject, ItemSub Type is:y Appraisery Cert. RentRoll
If Property Performance Item is Value Comp Method, ItemSub Type is:y Gross Income Multipliery Value Per Roomy Value Per Sq. Ft.y Value Per Unit
Source ofSalesComps
REQ_4407/BR.1498
BLANK (Default)SubjectAppraisalOther(values are User selected)
PropertyState
BLANK (Default)[List of 50 USStates- abbreviated/alphabetical]DC (District ofColumbia)
PR (Puerto Rico)
Comparison
REQ_7771,REQ_7773
Similar (default)InferiorSuperior
RentComps ST
BLANK (Default)[List of 50 USStates- abbreviated/alphabetical]DC (District ofColumbia)PR (Puerto Rico)
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Tenant TypeBLANK (Default)ResidentialCommercial
Location
BLANK (Default)InferiorSim
ilarSuperiorNothing
Condition
BLANK (Default)InferiorSimilarSuperiorNothing
Amenities
BLANK (Default)InferiorSimilarSuperiorNothing
Quality
BLANK (Default)InferiorSimilarSuperiorNothing
Appeal
BLANK (Default)InferiorSimilarSuperiorNothing
Overall
BLANK (Default)InferiorSimilarSuperiorNothing
REQUIRED DEFAULT
F u n c t i o n a l i t y D e s c r i p t i o n
VALUATION LIST GRID
The Valuation List Grid allows the User to enter multiple valuations for a property. The User can add, save, delete, and copy rows in the Valuation List Grid.
y Add If the user clicks on the Add button a new row will be created.y Save If the user clicks on the Save button any additions or modifications will be saved.
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y Delete If the user clicks on the Delete button the selected row will be deleted.y Copy If the user selects a row and then clicks on the Copy button, all the data elements from the
Valuation List grid, Valuation frame, Sales Comp frame, and RentComp frame will be copied exceptfor 2 data fields differences:
- If the user copies an Active row, the copied row will not be marked Active.- The copied row Report Date field will be populated based on when the row was
copied. The User will first need to select a valuation by selecting a row in the Valuation List grid in order to enter data
into the frames below the grid. The User will select the active valuation by selecting the Active checkbox for a row. Columns in the Valuation List Grid can be sorted when clicked on the header of the grid.
VALUATION FRAME:
y Review Appraisal
o The Seller/Servicer orders and reviews an appraisal prior to sending it to Freddie Mac. Once the appraisal
is submitted to Freddie Mac, the Underwriter will review the appraisal in its entirety. The Underwriter willcompare the results of the appraiser's income and expense analysis to the underwritten income andexpenses and determine whether any differences require reconciliation or an adjustment of theassumptions used while developing the underwritten NOI.
Satisfies Requirement(s):REQ_368
y Freddie Mac (Portfolio) Valuation
o The Underwriter will develop an estimate of Property value on every investment (the "Internal Value")distinct from the conclusion of the third party appraiser (the "Appraised Value"). The Internal Value willbe based on the Property's physical and financial condition.
Satisfies Requirement(s):REQ_354
Submit Button: Selecting the Submit button will save all the information on the Valuation screen.
Satisfies Requirement(s):REQ_4615,REQ_4545,REQ_4546,REQ_4622
y FINAL VALUATION
o If the Appraisal Valuation is not currently present, the Final Valuation will be set to the FRE PropertyValue.
Satisfies Requirement(s):REQ_481/BR.544
o Since CME is not applicable for this phase, the system will pull the FRE Portfolio Proforma to obtain theNOI calculation.
Satisfies Requirement(s):REQ_4619
FINAL VALUATION- Requirement/Business Rules Mapping
Enterable or
Calculated As-Is As-Stabilized
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Calculated Final Cap Rate REQ_4619/BR.2167
Calculated Final Value Per Unit REQ_4620/BR.2218
Calculated Final Valuation REQ_481/BR.1526
Calculated Final Value Per Sq. Ft. REQ_4622/BR.2219
FINAL VALUATION- Requirement/Business Rules Mapping
Enterable orCalculated As-Is As-Stabilized
Calculated Final Cap Rate REQ_4619/BR.2168 REQ_4619/BR.2169
Calculated Final Value Per Sq. Ft. REQ_4622/BR.2222 REQ_4622/BR.2223
Calculated Final Value Per Unit REQ_4620/BR.2220 REQ_4620/BR.2221
Calculated Final Valuation REQ_481/BR.771 REQ_481/BR.772
y DIRECT CAP VALUATION
o Appraisal Company (TYPE-AHEAD SEARCH) drop-down: This field will populate with Entities in thedatabase that are associated with the 'Appraisal' entity type.
This field is a type-ahead search field. The User should be able to type in the field, and the drop-down should filter and display entities thatmatch the entered criteria.
The User will have the ability to select one of the values in the drop-down.
Satisfies Requirement(s):REQ_1323,REQ_4350/BR.1780/BR.2356,REQ_3921,REQ_4360
o Appraisal Type Radio Buttons:
The Appraisal Type radio buttons are only for the use of the DirectCap Valuation frame and willremain within the DirectCap Valuation frame per Release 2.0 design.
Default: (Appraisal Type) As-Is radio button will be selected by default. Values on in the AppraisaValuation section are controlled by the Appraisal Type indicator.
Satisfies Requirement(s):REQ_4850/BR.2419
If theAs-Isradio button is selected, the enterable fields listed in theAs-Is column in thefollowing table should be open for entry. Fields listed in theAs-Stabilized column should beprotected.
y Calculated fields in theAs-Is column will automatically calculate.
y Calculated fields in theAs-Stabilized column will not calculate and remain blank.
Satisfies Requirement(s):REQ_4055/BR.2407
DIRECT CAP VALUATION- Requirement/Business Rules MappingAs-Is Radio Button selected
Enterable orCalculated
As-Is As-Stabilized
RESIDENTIAL APPRAISAL
EnterableNOIREQ_1341/BR.1967,REQ_3970/BR.2344
Protected
EnterableCap RateREQ_1340/BR.1631,REQ_3969/BR.1636
Protected
EnterableAppraisal ValueREQ_1339/BR.1637,REQ_3968/BR.1656
Protected
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CalculatedValue Per Sq. Ft.
REQ_1084/BR.1202
CalculatedValue Per UnitREQ_468/BR.589
COMMERCIAL APPRAISAL
EnterableNOIREQ_2099/ BR.2042,REQ_3973/BR.2352
Protected
EnterableCap RateREQ_2098/ BR.2345,REQ_3972/BR.2353
Protected
EnterableAppraisal ValueREQ_2101/ BR.2354,REQ_3971/BR.2355
Protected
CalculatedValue Per Sq. Ft.REQ_4359/BR.2139
BLENDED VALUE
Calculated NOIREQ_4361/BR.2049
Calculated Cap RateREQ_405/BR.1103
Calculated Appraisal ValueREQ_2102/BR.548
If theAs-Is and As-Stabilized radio button is selected, the enterable fields listed in theAs-IsandAs-Stabilizedcolumns in following table should be open for entry.
y Calculated fields in theAs-IsandAs-Stabilizedcolumns will automatically calculate.
y If the User has already selected the As-Is and As-Stabilized radio button and saveddata, the As-Stabilized values will be cleared if the User chooses to select the As-Is radiobutton and save data.
Satisfies Requirement(s):REQ_4055/BR.2408/BR.2409
APPRAISAL VALUATION- Requirement/Business Rules MappingAs-Is and As-Stabilized Radio Button selected
Enterable or
Calculated As-Is As-StabilizedRESIDENTIAL APPRAISAL
EnterableNOIREQ_1341/BR.2024,REQ_3970/BR.2026
NOIREQ_1341/BR.2025,REQ_3970/BR.2027
EnterableCap RateREQ_1340/BR.2020,REQ_3969/BR.2022
Cap RateREQ_1340/BR.2021,REQ_3969/BR.2023
EnterableAppraisal ValueREQ_1339/BR.678,REQ_3968/BR.1804
Appraisal ValueREQ_1339/BR.1701,REQ_3968/BR.1805
CalculatedValue Per Sq. Ft.REQ_1084/BR.2030
Value Per Sq. Ft.REQ_1084/BR.2031
CalculatedValue Per UnitREQ_468/BR.2028
Value Per UnitREQ_468/BR.2029
COMMERCIAL APPRAISAL
EnterableNOIREQ_2099/BR.2040,REQ_3973/BR.2043
NOIREQ_2099/BR.2041,REQ_3973/BR.2044
Enterable Cap RateREQ_2098/BR.2036,REQ_3972/BR.2038
Cap RateREQ_2098/BR.2037,REQ_3972/BR.2039
EnterableAppraisal ValueREQ_2101/BR.2032,REQ_3971/BR.2034
Appraisal ValueREQ_2101/BR.2033,REQ_3971/BR.2035
CalculatedValue Per Sq. Ft.REQ_4359/BR.2137
Value Per Sq. Ft.REQ_4359/BR.2138
BLENDED VALUE
Calculated NOIREQ_4361/BR.2047
NOIREQ_4361/BR.2048
Calculated Cap RateREQ_405/BR.1749
Cap RateREQ_405/BR.1750
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REQ_1054/BR.2115
CalculatedUW Value/Unit
REQ_1053/BR.797REQ_1053/BR.2412
COMMERCIAL VALUATION
Calculated UW Cap Rate REQ_1412/BR.1713
Enterable Cap RateREQ_1051/BR.2382REQ_3976/BR.2383
Protected
Enterable NOI REQ_3804/BR.1759 Protected
Calculated Value REQ_1055/BR.897
Enterable UW ValueREQ_1049/BR.2384REQ_3977/BR.2385
Protected
Calculated UW Value/Sq. Ft. REQ_1530/BR.1061
BLENDED VALUATION
Calculated Cap Rate REQ_2095/BR.1075Calculated NOI REQ_4362/BR.2066Calculated Value REQ_2096/BR.1078
FREDDIE MAC VALUATION- Requirement/Business Rules MappingAs-Is and As-Stabilized Values Present
As- Is As- Stabilized
RESIDENTIAL VALUATION
Enterable NOISeparate Commercial
Valuation Checkbox = No
REQ_3801/BR.2388 REQ_3801/BR.2389
Enterable NOISeparate CommercialValuation Checkbox = Yes
REQ_3801/ BR.1754 REQ_3801/ BR.1756
EnterableCap Rate
REQ_517/BR.769REQ_3974/BR.1806
REQ_517/BR.1703REQ_3974/BR.1807
Calculated UW Cap Rate REQ_884/BR.1706 REQ_884/BR.1707Calculated Value REQ_882/BR.1753 REQ_882/BR.1755
Enterable UW ValueREQ_883/BR.1757REQ_3975/BR.1808
REQ_883/BR. 1758REQ_3975/BR.1809
Calculated UW Value Per Sq. Ft.REQ_1054/BR.789REQ_1054/BR.2413
REQ_1054/BR.790REQ_1054/BR.2414
Calculated UW Value Per UnitREQ_1053/BR.787REQ_1053/2410
REQ_1053/BR.788REQ_1053/BR.2311
COMMERCIAL VALUATIONEnterable NOI REQ_3804/BR.1760 REQ_3804/BR.1761
Enterable Cap RateREQ_1051/BR.1710REQ_3976/BR.1811
REQ_1051/BR.1709REQ_3976/BR.1810
Calculated UW Cap Rate REQ_1412/BR.1711 REQ_1412/BR.1712
Calculated Value REQ_1055/BR.785 REQ_1055/BR.786
Enterable UW ValueREQ_1049/BR.706REQ_3977/BR.1812
REQ_1049/BR.770REQ_3977/BR.1813
Calculated UW Value Per Sq. Ft. REQ_1530/BR.1764 REQ_1530/BR.1765
BLENDED VALUATION
Calculated NOI REQ_4362/BR.2067 REQ_4362/BR.2068
Calculated Cap Rate REQ_2095/BR.1076 REQ_2095/BR.1077
Calculated Value REQ_2096/BR.1079 REQ_2096/BR.1080
MARKET INFO FRAME:
y The User can enter and submit data using the Submit button.y Property in Place grid must directly pull from the Active RentRoll and update when the Active RentRoll is
updated
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AMENITIES FRAME:
y The User can add and delete amenity items using the Add and Delete buttons.y The User can add duplicate items
y The User can submit data using the Submit button.
CONSTRUCTION ANALYSIS FRAME:
y The User can add and delete items using the Add and Delete buttons.y The User can add duplicate items
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y The User can submit data using the Submit button.
LOCATION ANALYSIS/LOCATION QUALITIES FRAME:
y The User can add and delete items using the Add and Delete buttons.y The User can add duplicate items
y The User can submit data using the Submit button.
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CERTIFICATE OF PROPERTY CONDITION FRAME:
y The User can enter and submit data using the Submit button.
PROPERTY PERFORMANCE FRAME:
y The User can add and delete items using the Add and Delete buttons.y The User can add duplicate items
y The User can submit data using the Submit button.
SALES COMP FRAME FRAME:
y Sales Comparisons is an alternative approach to determine internal Freddie Mac value of the property. TheUnderwriter will use the appraisal, data from recent acquisition loans purchased by Freddie Mac, recent appraisalson other similar Freddie Mac transactions as sources for sales comparable data.
Satisfied Requirement(s): REQ_355
Add/Edit Sales Comparison Record:
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o OUS allows the user to add Multiple Sales Comparison Records in the Sales Comparisons Grid. SelectingtheAdd button will create a new blank line item in the Sales Comparable Grid. The User will then add thepertinent data from the source (appraisal) and click on the Submit button on the bottom of the page tosave the data to the grid. The lines items will appear in the comparisons frame below the grid.
o OUS will allow the user to add/enter and update data within the Sales Comparisons grid:
y Include Sales Comparison in Approval Document (Checkbox: if checked defaults the Approval Doccheck boxes in the Sales Comparison frame)
y Photo (this is only populated if a Photo has been added via the Add Photo button)y Source (drop-down values are SubjectAppraisal and Other) (BR.1498)y Sale pricey Sale price per square footagey Property Namey Property Addressy PropertyCityy PropertyState
y Date ofSaley Year builty Total Number of Unitsy Implied CAP Ratey Total Square Footagey Average Square Foot Per Unity Sale Price Per Unity Adj. Price Per Unity Comparison
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Satisfies Requirement(s): REQ_4601,REQ_4407
Delete an Existing Sales Comparison Record:
o To delete a Sales Comparison record in the Sales Comparable grid, the User must first highlight a row inthe grid. Selecting the Delete button will prompt the User with the following pop-up message,"Are yousure you want to delete this Sales Comp Record?"
Selecting the OK button will delete the selected Sales Comp row in the grid and delete theassociated column in the Sales Comparison Frame.
Selecting the Cancel button will close the pop-up box and return the User back to the SalesComp screen.
If the User does not select a row before selecting the Delete button, the system will display apop-up message stating,"Please select a row to delete".
Add Photos button:
o Highlighting a row in the grid and selecting theAdd Photos button will direct the User to the followingscreen to allow them to upload picture files related to the selected Sales Comparable Record in the grid:
Programmer's Note: Use currentAdd Photo functionality on Broker System
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o If the User does not select a row before selecting theAdd Photos button, the system will display a pop-up message stating,"Please select a row in the grid".
o If a picture is attached to a Sales Comparison record, the grid will display an attachment (paperclip) iconin the Photos column for the Sales Comparison record.
o Selecting theAttachment (paperclip) icon in the Photos column will take the User to the Add Photosscreen for the selected Sales Comparison record.
o The Add Photosbutton will not be saved to the File Cabinet. The Add Photos button will be used forthis page only and not for the brief.
Subject Property Values: The Subject Property Values will come from the current Deal/Property Recorddisplayed in the Header Record. All information related to Subject Property will be protected. See DataRequirements for where fields map.
o IfLoan Purpose = Refinance or Supplemental (DEFERRED), the Date of Sale field will populate withthe value entered in the Original Acquired Date field in the Loan Purpose frame. Otherwise, the Date ofSale field will remain blank.
o If the Product Type is equal to one of the following values:
Conventional Mortgage Streamlined Acquisition of FMAC Mortgage Streamlined Refinance of FMAC Mortgage Standard Refinance of FMAC Mortgage
then the following fields in the Subject Property column will map to Final As-Is Values on the Valuationscreen- see Data Requirements:
Source field will display 'FRE As-Is' Sale Price Sale Price/Sq. Ft. Sale Price/Unit Implied Cap Rate
o If the Product Type is equal to one of the following values:
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Acquisition Upgrade Mortgage Acquisition Rehabilitation Mortgage Premier Lease-Up Standard Lease-Up
then the following fields in the Subject Property column will map to Final As-Stabilized Values on theValuation screen- see Data Requirements:
Source field will display 'FRE As-Stabilized' Sale Price Sale Price/Sq. Ft. Sale Price/Unit Implied Cap Rate
o To update data, the user will select the comparable line to be updated, and then click the cursor in thefield to be updated. This action will cause the field to be become open and available for modification.Once the user is finished with the data updates, they will need to click on the Submit button located atthe bottom of the screen to save the changes.
o OUS will allow the user to select the Sales Comparisons to be included in the brief by checking theInclude Sales Comparisons in Approval Document check box located above the Sales Comparisons grid.
o Submit Button: When the user clicks on the Submit button, located on the bottom of the screen, all ofthe entered information to the Sales Comparable grid and comments will be saved.
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Satisfies Requirement(s): REQ_463,REQ_3872,REQ_3791,REQ_3873,REQ_3792,REQ_3874,REQ_3871,REQ_3875,REQ_3793,REQ_3876,REQ_3794,REQ_3877,REQ_3795,REQ_3878,REQ_3796,REQ_3879,REQ_3797,REQ_3880,REQ_3798,REQ_3881,REQ_3799,REQ_3882,REQ_3800,REQ_3883,REQ_1161,REQ_3884,REQ_4564
y Sales Comparison Frame
When the User selects the Submit button after entering data in the Sales Comparisons grid OUS willautomatically create a Subject Property column and Comparable columns in the Sales Comparisonframe.The Sales Comparable column data is feed directly from the grid. Only those fields that are populated in thegrid will display in the Comparable column (see screen print below). To update data the Comparison columnuser needs to update the Comparisons grid.
o Information related to the Subject Property will be protected and displayed on the left side in a"frozen" section. Comparable Records are scrollable using the scroll bar across the bottom.
o Information in all other columns will be protected and cannot be modified in the frame.
o The following data fields will be viewable in the Sales Comparisons Subject Property frames if theuser has entered the data in the Sales Comparisons grid:
Source ofSales Comparisons Date ofSale Property Name
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Property Address PropertyCity PropertyState Sales Comparison Section in brief (Y/N) Selected Sales Comparison to include in the brief Year Built Total #of Units Total Sq. Ft. Average Sq. Ft./Unit Sales Price Sales Price/Sq. Ft. Sales Price/Unit Adj. Price/Unit Implied Cap Rate [CR 45] Comparison
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o Check to Include in Approval Doccheckboxes will default to checked, if the Include SalesComparisons in Approval Document check box is checked. To exclude the data elements from theBrief the User needs to uncheck to the boxes.
o Submit Button: to save the comparison data the user will click the Submit button.
o Access levels: access to the Sales Comparison screen is managed by the Security Matrix.
Satisfies Requirement(s):REQ_5225,REQ_4537,REQ_5226
Selecting Fields to Include in the Brief (Approval Doc):
Level 1-
Include Sales Comparison inApproval Doc (Single Checkbox)
Level 2-
Include in Approval Doc(Grid Column- Checkbox)
Level 3-
Uncheck to Exclude From Approval Doc(Field Level Checkboxes)
STATUSAPPEARS IN
APPROVAL DOC?STATUS
APPEARS INAPPROVAL DOC?
STATUSAPPEARS IN
APPROVAL DOC?
Checked YES- section appears Checked YES- comp record appears Checked YES- field appears in comp section
Checked YES- section appears Checked YES- comp record appears Unchecked NO- field does not appearChecked YES- section appears Unchecked NO- comp record does not appear Unchecked NO- field does not appear
Checked YES- section appears Unchecked NO- comp record does not appear Checked NO- field does not appear
Unchecked NO- section does not appear Unchecked NO- comp record does not appear Unchecked NO- field does not appear
Unchecked NO- section does not appear Unchecked NO- comp record does not appear Checked NO- field does not appear
Unchecked NO- section does not appear Checked NO- comp record does not appear Checked NO- field does not appear
Unchecked NO- section does not appear Checked NO- comp record does not appear Unchecked NO- field does not appear
The above grid outlines the instances where OUS will or will not display Sales Comparisons in the Brief (ApprovalDoc). The intention of this section is to provide the user with an understanding and the variations around theApproval check boxes. The Include Sales Comparisons in the Approval Document check box drives the dataelements that will ultimately included or excluded from the Brief. This is all accomplished by checking or un-checking the check boxes located on the Sales Comps screen, which was described in the section above.
Level 1: Include Sales Comp in Approval Doc Checkbox
The Level 1:Include Sales Comparison in Approval Doccheckbox will be unchecked until the firstSales Comparison Record is created. When the FIRST Sales Comparison Record is created, the checkboxwill be automatically checked.
IfLevel 1:Include Sales Comparison in Approval Doc checkbox is checked:
o Sales Comparison section will be included in the Approval Doc.o Level 2:Include in Approval Doc checkbox column in the Sales Comparison grid will be activeo Level 3: Uncheck to Exclude From Approval Doc checkbox column in the Sales Comp
Comparison frame will be active (selectCompare Sales Comps button to see Sales CompComparison frame)
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IfLevel 1:Include Sales Comparison in Approval Doc checkbox is unchecked:
o Sales Comparison section will not be included in the Approval Doc.o Level 2:Include in Approval Doc checkbox column in the Sales Comp grid will keep their
current state (checked/unchecked) butCheckbox will become inactive.o Level 3: Uncheck to Exclude From Approval Doc checkboxes on the Sales Comp
Comparison frame will keep their current state (checked/unchecked) butCheckbox will becomeinactive.
Level 2: Sales Comp Record Checkboxes in Sales Comp Grid
The Level 2:Include in Approval Doc checkbox will be defaulted to checked (regardless if the field isactive or inactive for User input) when a new Sales Comparison Record is created.
IfLevel 2: Include in Approval Doc checkbox is checked for a Comparable Record in the grid:o
Sales
Comparable
Record will be included in the Approval Doc
IfLevel 2: Include in Approval Doc checkbox is unchecked for a Comparable Record in the grid:o Sales Comparable Record will be omitted from the Approval Doc
Level 3: Field Level Checkboxes
The Level 3: Uncheck to Exclude From Approval Doc checkboxes will be defaulted to checked(regardless if the field is active or inactive for User input) when a new Sales Comparison Record iscreated.
IfLevel 3: Uncheck to Exclude From Approval Doc checkbox is checked for a field:
o Field column will be included for all Comparable Records that are included in the Approval Doc
IfLevel 3: Uncheck to Exclude From Approval Doc checkbox column is unchecked for a field:o Field column will be omitted for all Comparable Records that are included in the Approval Doc
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Satisfied Requirement(s):REQ_465,REQ_499,REQ_4564
RENT COMPS:
o The Origination and Underwriting System (OUS) shall display the following data elements associated withevery RentComparable Property:
Property Name Property Address PropertyCity PropertyState Property Zip Year Built Unit Type
-Number of Bedrooms-Number of Bathrooms
Number of Units per Unit Type Number of Units Range ofResidential Square Footage per Unit Type Range of Monthly Rent per Unit Type Percentage of Occupied Units per Unit Type RentComparison Comments
Note: Number of Units per Unit Type will not be captured in the system.
o The Origination and Underwriting System (OUS) shall allow the user to save all the following dataelements for every RentComparable property.
Property Name Property Address PropertyCity PropertyState Year built Number of Bedrooms per Unit Type Number of Bathrooms per Unit Type Number of Units per Unit Type Residential Square Footage per Unit Type
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Monthly Rent per Unit Type Percent of Occupied Units RentComp Boilerplate Comments
o The Origination and Underwriting System (OUS) shall prevent the user from editing the following subjectproperty data
Property Name Property Address PropertyCity PropertyState Property Zip Year built Number of Bedrooms per Unit Type Number of Bathrooms per Unit Type Number of Units for every Unit Type Residential Square Footage per Unit Type Monthly Rent per Unit Type Percent of Occupied Units
Satisfies Requirement(s):REQ_7608,REQ_7881,REQ_7882
o OUS allows the user to add Multiple RentComparison Records in the RentComparisons Grid. SelectingtheAdd button will create a new blank line item in the RentComparable Grid. The User will then add thepertinent data from the source (appraisal) and click on the Submit button on the bottom of the page tosave the data to the grid. The lines items will appear in the comparisons frame below the grid.
o Delete an Existing Rent Comparison Record:
o To delete a RentComparison record in the RentComparable grid, the User must first highlight a rowin the grid. Selecting the Delete button will prompt the User with the following pop-up message,"Are you sure you want to delete this RentComp Record?"
Selecting the OK button will delete the selected RentComp row in the grid and delete theassociated column in the RentComparison Frame.
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Selecting the Cancel button will close the pop-up box and return the User back to the RentComp screen.
If the User does not select a row before selecting the Delete button, the system will displaya pop-up message stating,"Please select a row to delete".
Add Photos button:
o Highlighting a row in the grid and selecting theAdd Photos button will direct the User to the followingscreen to allow them to upload picture files related to the selected RentComparable Record in the grid:
Programmer's Note: Use currentAdd Photo functionality on Broker System
o If the User does not select a row before selecting theAdd Photos button, the system will display a pop-up message stating,"Please select a row in the grid".
o If a picture is attached to a RentComparison record, the grid will display an attachment (paperclip) iconin the Photos column for the RentComparison record.
o Selecting theAttachment (paperclip) icon in the Photos column will take the User to the Add Photosscreen for the selected RentComparison record.
o Submit Button: When the user clicks on the Submit button, located on the bottom of the screen, all ofthe entered information to the RentComparable grid and comments will be saved.
Rentable Comparable Frame:
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When the User selects the Submit button after entering data in the Rent Comparisons grid OUS will allowfor the User to enter in details in the Rentable Comparable Details grid that are related to the RentComparison row selected in the Rent Comparisons grid.
The User can add and delete items using the Add and Delete buttons.
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The User can submit data using the Submit button.
BUSINESS RULES/ FIELD VALIDATIONS/ CONFIGURATIONS
No additional business rules/validations for this section.