AppraisersBlogs - Latest News and Information
The mortgage industry is accelerating a shift toward automated appraisals, highlighted by the Mortgage Credit Executive Order and the upcoming UAD 3.6 system. UAD 3.6 will require hyper‑granular, machine‑readable data, turning every appraisal into a data‑mining exercise and expanding automated flagging that burdens human appraisers. Parallel legislation—the 21st Century ROAD to Housing Act and the VA Appraisal Modernization Act—opens state‑licensed appraisers to cross‑state FHA work and aligns VA processes with FHA, further eroding traditional quality controls. Fannie Mae and Freddie Mac mandate use of four approved software platforms by November 2 2026, forcing appraisers to adopt the new workflow or exit the GSE market.
Virginia’s Board of Real Estate suspended appraisal‑management firm Financial Asset Services (FAS) and its chief appraiser Brandon Sison for six months, adding an 18‑month probation period, after they pressured a certified appraiser to lower a $385,000 reverse‑mortgage valuation. The firm...
