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When comparable sales are hard to find
When few similar homes have sold, an appraisal takes more research. Learn how appraisers choose comparisons and what property details help before the work begins.
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Complex property
When comparable sales are hard to find
When few similar homes have sold, an appraisal takes more research. Learn how appraisers choose comparisons and what property details help before the work begins.
3 minute read
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ROV
How to submit useful alternative sales for an ROV
Think the report missed a relevant sale? Start with your lender's reconsideration of value (ROV) process, then explain how that sale compares with your property.
3 minute read
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Lender operations
Five places an appraisal can lose time
If an order is waiting, the next question is what it's waiting for. These five stages help you ask for an update you can act on.
3 minute read
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Appraisal management
What an appraisal management company does
Who selects the appraiser, follows the order and handles questions about the report? Here's where an appraisal management company fits.
2 minute read
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Appraisal basics
What a real estate appraisal is, and what it is not
An appraisal explains a property's value at a particular point in time. Here's how it differs from the agreed sale price and a home inspection.
2 minute read
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Complex property
Acreage and outbuildings: what to share before the appraisal
A house on five acres might include a shed, a guest unit or a working barn. Before the appraisal, describe what's there and how it's used.
3 minute read
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Quality & compliance
What a useful appraisal quality review checks
A report can be complete and still leave an important question unanswered. A useful review checks the property facts, the market evidence and how the appraiser reached the conclusion.
3 minute read
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Appraiser resources
Working with an AMC: clarify scope, fees and revisions
Before you accept an order, confirm the scope, fee, due date and contact for questions. Here's what to clarify, including how additional work and revision requests are handled.
3 minute read
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Appraisal basics
How an appraiser analyzes value
Recent sales, construction costs and rental income can all help explain value. The appraiser decides which evidence fits the property and explains how it was used.
2 minute read
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Appraisal basics
Rental property: why income assumptions matter
The rent a property could earn and the rent it actually collects may differ. Here's why rents, expenses and other assumptions matter in an appraisal.
2 minute read
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Complex property
New construction: prepare the property information early
When a home isn't finished, plans and specifications help explain what the appraiser cannot yet see. Gather the latest documents and be clear about what's complete.
2 minute read
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Quality & compliance
AMC due-diligence questions worth asking
Evaluating an appraisal management company? Ask how it selects appraisers, reviews reports and handles problems, then request the documents your institution needs.
2 minute read
Featured guide
UAD 3.6 and the redesigned URAR
What’s changing, what lenders and appraisers should review, a step-by-step workflow and common questions.
Open the UAD 3.6 guide →Policies and request guides
- Reconsideration of valueHow to raise a question about the facts or analysis in a report.
- Vendor due-diligence packageCompany information and the documents your institution can request.
- Quality and complianceIndependence, credentialing and review, in one place.
Archive, 2011
Kept for reference. Superseded and not current guidance.
Instructions for direct Fannie Mae REO vendors under the original UAD: days-on-market placement, age-field formatting, renovation-cost scope, required photographs and condition support. These instructions are superseded and are not UAD 3.6 guidance. See the UAD 3.6 guide for current material.