Appraisal & Valuation Archive

Drones – the Appraiser’s Next Great Tool

The following is a guest post by Greg B. Mays. After years of consideration, the Federal Aviation Administration (FAA) has finally published rules on how to integrate drones safely into the National Airspace System (NAS). There is now an...

Appraisal Course for Lending Professionals and other Non-Appraisers

Lending professionals and other non-appraisers will gain a better understanding of the Uniform Standards of Professional Appraisal Practice (USPAP) and its applicability to the lending process through this online seminar created by The Appraisal Foundation in partnership with McKissock. ...
August 21, 2015

FHA Single Family Draft Handbook Appraiser Requirements

The Federal Housing Administration posted four draft appraiser-specific policy documents that will be part of the Single Family Housing Policy Handbook. FHA specifically encourages FHA Roster appraisers, and mortgagee staffs that underwrite appraisals, to submit feedback through September 2....

New Appraisal Tools Section on REALTOR.org/appraisal

NAR has added a new resource on the REALTOR.org/appraisal 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...

New Mercury Mobile App May Speed Appraisals

      A new iOS app from a la mode, the Naples, Fla.-based real estate and mortgage technology company, offers a solution to appraisal delays. The app is called Mercury Mobile. It enables appraisers in the field to respond...
February 21, 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

High-performing Homes: New Source on Local Incremental Cost Data

Summary: Lack of time, information, and resource has made it difficult for appraisers to factor green building into their valuations. Now, the Northwest Energy Efficiency Alliance has released a means for appraisers to gather incremental green cost data locally....

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