appraisal report Article Collection

25 Common Errors in Appraisal Reports

25 Common Errors in Appraisal Reports

As an appraiser, much of your success relies on your reputation as a competent professional. Unfortunately, certain appraisal violations are quite common—including errors in appraisal reports. Make sure you’re aware of these mistakes so that you can avoid them. Here’s a compilation of the…

ASB Adopts Changes to USPAP for 2020-21

ASB Adopts Changes to USPAP for 2020-21

At its public meeting in Kansas City MO on April 5, 2019, the Appraisal Standards Board (ASB) of The Appraisal Foundation adopted changes to USPAP for the 2020-21 edition. The Board adopted its Fourth Exposure Draft, which had been issued on February 27, 2019,…

How to Avoid UAD Hard Stops

How to Avoid UAD Hard Stops

Hard stops are data “errors” that cannot be overridden by the lender. When the UAD and the UMDP were first implemented, lenders were allowed to override errors that would pop up when they did their check of the report. Eventually, Fannie Mae and Freddie…

Fannie Mae Freddie Mac 1094 selling guide

Freddie Mac Officially Eliminates 1004MC Requirement

On August 29, Freddie Mac released Bulletin 2018-13 which officially confirmed what almost everyone had already suspected—they are following Fannie Mae’s lead in eliminating the requirement for appraisers to include the 1004MC (Freddie Mac Form 71) as an attachment to appraisal reports.   In…

Each year more than 100,000 professionals advance their career with McKissock Learning.

Hear what they have to say.

See More Reviews