PropTech Videos

Class Valuation’s Chris Flynn on UAD 3.6 and What Appraisers, Lenders and Industry Leaders Need to K

The conversation centers on UAD 3.6, the next‑generation appraisal data standard that will replace the legacy 1004/1073 forms with a fully data‑driven, configurable reporting model. Chris Flynn, COO of Class Valuation, explains that the rollout entered broad production in January after a limited pilot, and the industry faces a mandatory adoption deadline in November. UAD 3.6 demands far more granular data collection on residents, condition, and quality, pushing appraisers toward sophisticated software and away from manual clipboards. The standard also supports hybrid workflows, where a trained data collector gathers field information and a licensed appraiser synthesizes it into an opinion of value. Lenders, meanwhile, will receive structured data packages—ZIP files containing the report and images—rather than the traditional multi‑page PDFs, requiring adjustments to loan‑origination and underwriting systems. Flynn stresses that the appraiser’s analytical role remains unchanged despite the technological overhaul, noting, “The appraiser is still the analyst…providing a sound opinion of value.” He also highlights the benefit of uniform data outputs that reduce appendices and make it easier for underwriters to locate key metrics. The discussion underscores a learning curve for both appraisers and lenders as they adapt to new tools and reporting formats. The shift has broad implications: lenders must upgrade their appraisal integration platforms and train underwriters on configurable reports, while appraisers need to practice the new data‑capture processes. Early adoption and open communication with technology partners are critical to avoid bottlenecks when the November mandate takes effect, positioning the industry for a more efficient, data‑centric mortgage workflow.