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.
On this page, appraisers can find news about recent policy updates, access Appraiser Update newsletters, and view our latest appraiser related video content. Use the Help & Training link to access job aids, training videos, the Selling Guide, and more. Still can’t find what you need? Connect with us using the links below.
Newsletters & related links
Check out the topical articles in our Appraiser Update newsletters, as well as links to other appraisal and valuation related resources.
Appraiser update June 2021
In the June 2021 edition, we discuss the importance of appraisals in the lending process, describe how our Appraiser Quality Monitoring (AQM) process works, and, as media reports of racial bias in appraisals increase, we consider implications of some problematic words and phrases.
Boot Camp Webcast Series: Managing Appraisal Risk
Watch one of Fannie Mae's Boot Camp webinars to see how we discuss appraisal risk with lenders. This session includes tips lenders can use to manage appraisal risk in both origination and QC, as well as examples of common appraisal defects to watch for.
To access the Boot Camp Webcast Series you will need to enter the password, Bootcamp2020.
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.
Policy news and updates
Click through the carousel below to learn more about recent updates and access related resources.
Now Showing: UAD - The Movie
Learn more about how the multi-year Uniform Appraisal Dataset (UAD) and Forms Redesign initiative will enhance appraisal data quality and consistency.
Appraisal Risk Management Policy Reminders and Resources
Read Lender Letter LL-2021-01 to learn about lender responsibilities, top appraisal findings and defects, and more.
Selling Guide Updates – Manufactured Homes
Find out about single-width manufactured home eligibility and updates to photo requirements for MH appraisals.
Selling Guide Updates – Accessory Dwelling Units
Read about ADU property eligibility, manufactured homes as ADUs, and a simplified comparable sales process.
Appraising Manufactured Homes
Visit fanniemae.com/mhappraiser to find appraiser education, requirements, and other resources.
Appraising Properties with Solar Panels
The Solar Panels Overview on the Help & Training page explains requirements for properties with solar panels.
New Forms 1004 Hybrid and 1004 Desktop
Visit the Help & Training page to learn about and see examples from the new 1004 Hybrid and 1004 Desktop.
AQM FAQ updates
Read the revised Appraiser Quality Monitoring (AQM) FAQs, which emphasize the learning opportunities the AQM letters present.
Residential property appraisers play a vital role in homeownership, but in recent years, fewer people have pursued careers as appraisers. Fannie Mae is partnering with industry stakeholders to encourage new entrants to the residential appraisal field.
ADI Success Stories: Marcus Knight
Listen to Marcus share how persistance paved his path to become an appraiser trainee.
Appraiser careers fact sheet
We’re working with the National Urban League and Appraisal Institute to promote appraiser careers.
Appraiser diversity initiative
Visit the ADI website, hosted by the Appraisal Institute, for more information.
ADI Success Stories: Jessica Brown
Meet Jessica, an appraiser trainee, and learn how ADI helped her get started.
Career opportunities in residential property appraising
Residential property appraisers share their stories about career opportunities.