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

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

Appraisal Standards Board Meeting, October 18, 2013

The next public meeting of the Appraisal Standards Board will be held on Friday, October 18, 2013 from 9:00am to 12:00pm in Washington, DC. Location: Doubletree by Hilton 1515 Rhode Island Avenue, NW Washington, DC 20005 On July 19,...
August 22, 2013

The Right Way to Work with Appraisers

Kudos to Florida REALTOR® magazine for its substantive look at how to deal with appraisal issues that come up during a sale. The article quotes National Association of REALTORS® Real Estate Valuation Committee member Francois “Frank” Gregoire. Gregoire told...

APB Issues Exposure Draft – Valuation of Green Buildings

The Appraisal Practices Board (APB) has issued the following exposure draft: First Exposure Draft – Valuation of Green Buildings: Background and Core Competency Issued on July 15, 2013 Written comments requested by September 20, 2013 Send comments to:
July 16, 2013