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This must be a simple private mod. Everybody seems to do his own since that functionality is lacking from the client. But unless you are in the position to make changes to the UI yourself, I fear you're out of luck there.
Your best bet than is to get the ear of a Dev
I personally use some color-coding with 3 colors: green for good stuff, orange for stuff to grab at least, red for cursed or other useless things, all the rest stays plain. But I never actually cared to nail down my rules to proper loot. It's more a help to identify stuff worth grabbing on public corpses
That's all from single person hobbyists doing it in their spare time. Imagine where UO could be with a fulltime developer if they focused on that technology some years ago. Instead they decided to stick with 20 year old technology and put out embarassing stuff like the jewelry box (no search, no zoom, not stylable, not lua-accessible, etc.) that are clearly steps backward from what we already have in the EC.