Appraisals

MISMO issues appraisal spec updates to support UAD 3.6

MISMO issues appraisal spec updates to support UAD 3.6

The leading mortgage industry procedural standards organization provided an update to appraisal specifications, aligning them to a change in reporting rules governing data delivery that become mandatory this year.  Processing Content The Mortgage Industry Standards Maintenance Organization made changes to its Property and Valuation Services procurement dataset specification this week in a move that will […]

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Class Valuation adds Makena InstaPlan ahead of UAD 3.6 shift

Class Valuation has partnered with Makena to provide appraisers with new mobile data-collection tools ahead of the mortgage industry’s transition to the Uniform Appraisal Dataset (UAD) 3.6 standards later this year. The appraisal management company announced last week that appraisers working through Class Valuation will gain access to InstaPlan, Makena’s mobile property data collection and

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HUD seeks feedback on FHA minimum property requirements

The U.S. Department of Housing and Urban Development (HUD) is seeking public feedback on whether the Federal Housing Administration (FHA)’s property requirements for single-family homes should be updated to better reflect current market conditions and reduce barriers to homeownership. In a request for information (RFI) published in the Federal Register, HUD said it is reviewing

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Mortgage groups urge FHFA to modernize appraisals

Multiple organizations in the mortgage industry sent a joint letter to the Federal Housing Finance Agency expressing support in President Donald Trump’s March executive order and asking Director Bill Pulte to update the appraisal process. Processing Content The consortiums requested Pulte and the agency to consider expanding the use of hybrid valuation methodologies, increasing the

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Mortgage vendors face consolidation as compliance costs rise

Mortgage vendors are entering a new phase of consolidation as they respond to rising regulatory and cybersecurity pressures, according to a white paper released this week by investment banking firm Houlihan Lokey. Scale is also becoming a decisive advantage for companies that sell mortgage technology and services, a trend that follows a mergers-and-acquisition wave among

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AI disruption, UAD 3.6 rules bring upgrades to appraisal tech

AI disruption, UAD 3.6 rules bring upgrades to appraisal tech

Artificial intelligence and changes in reporting rules are disrupting traditional appraisal operations in 2026, and tech providers are moving in with new solutions. Processing Content These changes come as housing affordability grabs the spotlight during the current Trump administration, with the president himself even chiming in this year on how the appraisal industry should find

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Broker Public Portal, RPR bring valuation data to Cribio platform

Broker Public Portal (BPP) and Realtors Property Resource (RPR) have announced a new collaboration that will integrate RPR’s Realtors Valuation Model into BPP’s Cribio consumer home search experience for participating MLSs and associations. Under the agreement, MLSs and associations partnered with BPP may authorize the display of Realtors Valuation Model values on eligible off-market properties

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GSEs clarify new appraisal format adoption timeline

GSEs clarify new appraisal format adoption timeline

The secondary market agencies have put out a clarification to the UAD 3.6 adoption timeline, which ends any confusion about when the standard goes into effect. Processing Content Mandatory use for UAD 3.6 remains starting Nov. 2. But a wording change makes it clear it applies to new appraisals being put into the Uniform Data

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Appraisal firm sues rival for using AI to replicate its tech

An appraisal technology firm is suing a startup founder, claiming the nascent rival used commercially available artificial intelligence tools to recreate its products.  Processing Content True Footage sued Automax AI and founder Humza Ahmed last week for fraud, among other counts, in a California federal court, looking to stop the startup from profiting off their

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The appraisal gap in 2026

Real estate valuations have customarily leaned heavily on historical data as one of the most important factors used to determine the appraised value of homes. This data includes comparable transactions and cap rates from prior years, along with historical real estate market data. However, there are a few areas that the past-anchored valuation system fails

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