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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.

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How To Appraise Rural Properties

Appraisal Today

This is an excellent diversification opportunity, with little competition from other appraisers or the GSEs use of other ways to get a value without human appraisers. You can expand your area to include rural appraisals to get more business. Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal?

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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

I have been reading about using Chat GPT for appraisal marketing and narrative reports, but this is the first I have read about form reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. The announcement comes after more than a year’s worth of efforts by the FHA to streamline and modernize their FHA loan origination and claims process. How increased regulation presents a huge opportunity for lenders.

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