appraisal Article Collection

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…

6 Quick Tips for Appraising Basements

6 Quick Tips for Appraising Basements

Whether finished or unfinished, the presence of a basement will almost always have an impact on the overall value of a home. Here are six basic, but critical, rules for appraising basements. As you consider the value of basements, keep these important steps and…

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…


Terrifying Encounters from Real-Life Appraisers

Property appraisal is not typically thought of as a “dangerous” profession per se. However, personal safety is definitely something to consider when preparing for an appraisal inspection. We recently asked our real estate appraisal community on Facebook, “What’s the scariest thing you’ve encountered during…

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