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      6474 Valuation method required error

      Symptom

      The error message DQC821 The valuation method for the subject property is required. The valuation method (/../COLLATERAL/SUBJECT_PROPERTY/PROPERTY_VALUATIONS/PROPERTY_VALUATION/
      PROPERTY_VALUATION_DETAIL/PropertyValuationMethodType) for the subject property is required       is displayed when submitting a UCD XML file through the Freddie Mac UCD portal.

       

      Cause

      A valuation method was not selected on the Shipping screen.

       

      Resolution

      Specify a valuation method on the Shipping screen.

        1. Open the loan associated with the UCD XML that caused the error.
        2. Select Banker > Shipping from the main menu.
        3. Scroll down to the Property section.
        4. Select a valuation from the Valuation Type dropdown list.
        5. Save the loan.
        6. Export the data to UCD XML.

          Refer to knowledge base article 5500 Exporting data to UCD XML for instructions to export the data to a UCD XML file.

        7. Submit the UCD XML file to the GSE.