Understanding UAD 3.6: A New Era for Appraisal Reporting The mortgage and appraisal industry is undergoing a major transformation with the rollout of UAD 3.6 (Uniform Appraisal Dataset). A modernization effort led by Fannie Mae and Freddie Mac. This update isn’t just a technical change; it’s a significant leap toward greater consistency, clarity, and compliance in […]
In the world of real estate valuation, having the right experience and certification is only part of what makes a successful appraiser. To truly stand out and receive consistent work from Appraisal Management Companies (AMCs), you need to understand your appraiser scorecard — and more importantly, how to improve it. This scorecard plays a critical […]
What Is an Appraisal Review? An appraisal review is a vital process in the real estate industry that evaluates the quality, accuracy, and reliability of a real estate appraisal report. This review ensures that the appraisal meets industry standards, follows proper methodologies, and provides a credible valuation of the property. Those are essential in reducing […]
Must Watch Appraisal Management Trends in 2025 The appraisal management industry is experiencing a significant shift, with key appraisal management trends in 2025 being driven by technological innovation. From Artificial Intelligence (AI) and machine learning to advanced automation, these trends are transforming how appraisers and appraisal management companies (AMCs) operate. The future promises greater accuracy, […]
If you’re an appraiser, you know how much time and effort goes into each appraisal assignment. From conducting property inspections to writing detailed reports, the workload can be overwhelming. On top of that, managing appointments, handling emails, and dealing with administrative tasks can eat up even more of your valuable time. But what if there […]
Reconsideration of Value (ROV): What Lenders and Appraisers Need to Know If you’re in the mortgage or real estate world, you know how important property appraisals are. They help decide loan amounts and ensure fair property transactions. But what happens when the appraisal value feels off? That’s where the Reconsideration of Value (ROV) comes in. […]
When you decide to buy a home, one of the first things you’ll need to do is figure out how to finance it. This usually means taking out a mortgage loan. But with so many options available, choosing the right mortgage can feel overwhelming. The good news is that once you understand the types of […]
If you’re in the real estate or mortgage business, you know how important accurate appraisals are. These reports can make or break a property deal, and they need to be precise, timely, and thorough. But behind every great appraisal report is a lot of data that needs to be entered, processed, and verified—tasks that can […]
In today’s digital-first business environment, safeguarding customer data is critical. Organizations that handle sensitive information need to demonstrate their ability to protect it effectively. One way to achieve this is by obtaining a SOC 2 Type II report, a compliance document that verifies robust data security and operational practices. But what exactly is this report, […]
When you buy, sell, or finance a property, it’s important to know how much it’s worth. One of the ways to determine a property’s value is through an appraisal. An appraisal is when an expert (called an appraiser) inspects a property and fills out a report to show how much it is worth. Appraisers use […]