Author Archive

New Appraisal Tools Section on

NAR has added a new resource on the page called “Appraisal Tools.”  The Appraisal Tools page provides links to educational resources for real estate agents who want to educate clients about the appraisal process.  Links include NAR’s new...
April 10, 2014

Appraisal Practices Board National Talent Pool

The Appraisal Practices Board (APB) of The Appraisal Foundation is seeking valuation professionals for a national talent pool to serve as a resource to the Board as it develops future voluntary guidance on generally recognized valuation methods and techniques....
February 18, 2014

American Banker reports on Fannie Mae’s Appraisal Quality Monitoring

American Banker reports on Fannie Mae’s process to track appraisers who are engaging in questionable practices. For lenders and appraisal management companies, the list may become a filtering device when making appraisal assignments. Learn more in this article from...
January 30, 2014

Subject Matter Experts Needed for Green Building Valuation Report

The Appraisal Practices Board (APB) of The Appraisal Foundation has issued solicitations for Subject Matter Experts (SMEs) for The Valuation of Green Buildings – Residential Properties and The Valuation of Green Buildings – Non-Residential Properties.  The respective solicitations can...
January 17, 2014

New Appraisal Standards Board Q&As now available

The Appraisal Standards Board (ASB) has issued January Q&As on the following topics: “Verifying” Completion of an Appraisal Assignment Results Fannie Mae Form 1004 Use of Certification with Form 1004D/442 Applicable Edition of USPAP For questions, please contact Emily...
January 15, 2014

Fannie Mae Lender Letter on Appraiser Monitoring

On December 10, 2013, Fannie Mae published a letter to remind lenders of appraiser selection requirements, highlight several data quality issues, and describe new processes to identify and monitor individual appraisers. Lender Letter LL-2013-10...
December 27, 2013

OCC Guidance on Third-Party Relationships

The Office of the Comptroller of the Currency (OCC) recently updated its guidance to national banks and federal savings associations for assessing and managing risks associated with third-party relationships. The guidance includes a discussion of comprehensive risk management processes...

New USPAP Q&A on Subject Property Data and Confidentiality

The Appraisal Standards Board (ASB) has issued a new USPAP Q&A on the Appraisal Foundation website: 2013-08: ETHICS RULE – Confidentiality – “Subject Property Data and Confidentiality” Questions? Please contact Emily Mann, Standards Administrator, at
December 5, 2013

Appraisal Foundation White Paper on Alternative Valuation Products

The Appraisal Foundation has drafted a white paper on Alternative Valuation Products and the Uniform Standards of Professional Appraisal Practice (USPAP). The white paper is intended to provide information to assist appraisers, users of appraisal services, and others, with...
October 9, 2013

Appraisal Practices Board Valuation Advisories on Comparable Properties

The Appraisal Foundation announced that the Appraisal Practices Board (APB) has adopted the following Valuation Advisories: APB Valuation Advisory #4: Identifying Comparable Properties APB Valuation Advisory #5: Identifying Comparable Properties in Automated Valuation Models for Mass Appraisal The APB...
August 30, 2013