Compliance in Appraisal Reports Archives

The NEW UAD Appraisal Report Form

John Manfred2024-04-23T10:10:51-04:00May 15th, 2024|Categories: Appraisal, Appraiser Assistant, Approved Continuing Education|Tags: Compliance in Appraisal Reports, New York Appraiser, New York Real Estate|

In an industry where precision and navigating the NEW UAD appraisal report form efficiency are paramount. The recent redesign of the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) by Fannie Mae and Freddie Mac marks a pivotal advancement. This transformation aims to streamline the appraisal reporting process. Injecting modernity into a system ripe for innovation. The revamp is a bold move toward enhancing how property appraisals are conducted. Promising to refine the quality of reports while simplifying the appraisers' workflow. Necessity: The Mother of Invention The appraisal industry has long grappled with the challenges posed by outdated [...]

The Evolving Language of Appraisal Reporting

The real estate appraisal industry, much like the rest of the world, is in a constant state of evolution. One of the less discussed, yet crucially important, aspects of this change pertains to the language of appraisal reporting. It's essential for appraisers to refine their reporting language to meet the ever-stringent standards of objectivity and non-bias. The language used in appraisal reports is a reflection of the appraiser's knowledge, experience and professionalism. It's also an important tool for communicating with clients, lenders and other stakeholders. As such, it's important to understand how the language of appraisal reports has evolved over [...]