Appraisal Industry News & Updates

Updated UAD Redesign & Implementation Timeline

Freddie Mac and Fannie Mae (the GSEs) released a detailed timeline for migration to the Uniform Appraisal Dataset (UAD) 3.6 and dynamic Uniform Residential Appraisal Report (URAR). While the timeline has not changed, specific dates for each implementation phase have...

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USPAP Audit For Appraiser License Renewal

The Colorado Department of Regulatory Agencies (DORA) just sent out a notification today regarding the Real Estate Appraiser Upcoming USPAP Audit: "Summer is coming to its unofficial end, which means the Division is approaching its annual renewal season. All renewing...

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New ROV Policy Change

On August 6, 2024, Fannie Mae issued a Selling Guide Announcement (SEL-2024-03) that extended the implementation deadline to October 31, 2024 for their new Reconsideration of Value (ROV) process. Freddie Mac and HUD announced the same implementation date extension...

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2024 USPAP Q&A

Earlier this week, the Appraisal Standards Board released a new Question and Answer covering Yellow Book and Competency.   2024-07: Yellow Book & Competency Question: My client has requested an appraisal assignment that would be used in connection with the...

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