The Appraisal Blog

The biggest change an appraisal forms since appraisal forms were standardized is being rolled out with scheduled implementation for 2025.  The redesign rethinks what a "form" is and takes advantage of technology to create a truly dynamic format.  No more 1004 Single Family Residential form.  No more 1073 Condominium form.  The appraisal report will change based upon what kind of property you are appraising and what the assignment is.  Appraising and SFR in a PUD?  The report will have a PUD section.  Appraising a manufactured dwelling for a purchase?  Add the contract section and the HUD section.  Similar sections will appear and/or disappear for 2-4 units, and drive-by and desktop assignments.

This will take some time to get used to ... but the end result should be beneficial to everyone!


https://sf.freddiemac.com/tools-learning/uniform-mortgage-data-program/uad?utm_source=eloqua&utm_medium=email&utm_campaign=2023-09-27_TECHNOLOGY_Announcement