On Wednesday, September 28, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “An Hour with Fannie Mae.” In this special interactive webinar, you’ll hear information on the new undervaluation risk flag in Collateral Underwriter (CU), an in-depth discussion of Appraisal Quality…
In residential appraising, the cost approach and the income approach have in many cases become less utilized in favor of sole reliance on the sales comparison approach. There are occasions when the income approach can be the primary indicator of value for residential properties,…
Ever since Fannie Mae and Freddie Mac (the GSEs) created the Uniform Appraisal Dataset (UAD) several years ago, real estate appraisers must rate building quality on a standardized scale from Q1 (best) to Q6 (worst). If you are performing appraisals for the intended use…
As of April 1, 2022, Fannie Mae now requires appraisers to measure single-family properties in accordance with ANSI Standard Z765-2021. The April 1 implementation date came and went, but appraisal course providers, Fannie Mae, and others are still being inundated with questions from appraisers…
In January 2022, Fannie Mae and Freddie Mac announced a desktop appraisal option that goes live in mid-March 2022. In various articles and opinion pieces, some claim that desktop appraisals will solve the appraiser shortage and modernize the appraisal process, while others claim that…
On Wednesday, March 23, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “March 2022 Fannie Mae Appraisal Update.” In this special interactive webinar, you’ll hear the latest information on desktop appraisals and the soon to be adopted ANSI square footage standard.…
In May 1996, I received the very first copy distributed to the public of The American National Standards Institute, Inc.’s, American National Standard for Single-Family Residential Buildings, SQUARE FOOTAGE-METHOD FOR CALCULATING: ANSI Z765. Now, 26 years later, Fannie Mae has announced that appraisers will…
On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide. Several of the changes are aimed at underwriters and do not affect appraisers; however, there is one significant change for appraisers that…
On Wednesday, December 8, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q4 2021 Appraisal Update.” In this special interactive webinar, you’ll hear information on desktop appraisals and measuring and calculating GLA. Fannie Mae representatives will be on…
The presence of an additional living unit may complicate the appraisal process by making it difficult to know how to classify the subject property. How do you know whether you’re dealing with an accessory dwelling unit (ADU) or a second unit? Use the following…
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