Appraisers
To help make prudent underwriting decisions, mortgage lenders rely on appraisers to provide thorough, accurate, and objective appraisal reports for reliable opinions of market value.
The appraisal is used to judge the property’s acceptability for the mortgage loan requested in view of its value and marketability.
Impact of COVID-19 on Appraisals
We have issued temporary guidance on appraisal requirements, including allowing desktop and exterior-only appraisals on many mortgage transactions. The guidance is being updated as needed.
- Temporary guidance (Lender Letter LL-2020-04)
- FAQs
- Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for Desktop Appraisals
- Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for Appraisals with Exterior-only Inspection
- Appraisal Report Instructions for COVID-19 Flexibilities - View video
- Six Tips for Appraisers on Using COVID-19 Flexibilities - View video
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View Fannie Mae’s COVID-19 update page for additional information
What's New
Selling Guide Update: Accessory Dwelling Units
Updates include a more specific definition, manufactured homes as ADUs, and a simplified appraisal process.
Newsletters
Appraiser Update September 2020
In the September 2020 edition, we focus on the new 1004 Desktop and the 1004 Hybrid, as well as clarification on appraising homes with solar panels and energy-efficient improvements. We also share some data on appraisal assignment volume and appraiser workload, reflecting the incredibly busy year appraisers have had.
Appraiser Careers
Fannie Mae is partnering with industry stakeholders to encourage new entrants to the residential appraisal field.
Career Opportunities in Residential Property Appraising
Contact Us
Use this form to share what’s on your mind, submit feedback, and ask questions about appraisal topics.
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UAD Overview
Uniform Appraisal Dataset (UAD)
The UAD is a component of the Uniform Mortgage Data Program® (UMDP®), jointly established by Fannie Mae and Freddie Mac under the direction of the Federal Housing Finance Agency to provide common requirements for appraisal and loan delivery data.
