Welcome to our first Fannie Mae Appraiser Update of 2021. As appraisal orders for mortgage lending continue at record-high volumes, we’re raising the topic of whether it is time to hire a trainee to capture more of that volume for your business. Also in this edition, we highlight a variety of resources for appraisers, including our recent appraisal risk management lender letter, videos and reference guides about ratings for property condition and quality of construction, and a video about the Uniform Appraisal Dataset (UAD) Redesign initiative. Plus, we provide answers to questions from appraisers about time adjustments and about our requirements for disclosing the lender/client on appraisal management company (AMC) orders.
The UAD and Forms Redesign is well underway, but there is much more work to do. Fannie Mae and Freddie Mac have posted a high-level timeline showing key milestones and date ranges in this multi-year endeavor that will continue into 2024 and beyond. Check out thetimelineto see what’s been done, what’s in process, and what’s coming next, and visit theUAD pagefor other related resources.
Your engagement is critical to help inform our ongoing efforts to improve processes, standardize data, and implement technology solutions… and we love hearing from you! Please continue to use the Contact Us button below for appraisers to share what’s on your mind and submit feedback and questions on appraisal topics.