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All of this crap rolls downhill. I have no particular insight but if I were a betting man my money is 6-12 months from now the GSEs will be all in or all out with the phony-baloney modernization push. And if I were a betting man, UAD 3.6 is getting kicked down the road, far down the road.Appraisal Waivers Explained – Tips On How to Get One
An appraisal waiver is like manna from heaven, finding money in your coat pocket, and winning the lottery – all combined. But you need to know what you’re doing to get them. I’m going to give you the inside scoop on appraisal waivers, so stay tuned.
I hope this was helpful. But if you want to increase your odds of getting an Appraisal waiver, start by using a loan officer that knows all the tricks to get you one **Cough cough – like me**.
Appraisal Waivers Explained – Tips On How to Get One - Jesse Rivera | Prospect Lending
Appraisal waivers are like manna from heaven, finding money in your coat pocket, and winning the lottery – all combined. But you need to...
the gse's are the largest appraisal firm in the history of the world...
I just feel like it takes me longer to visualize the property as a whole going through the pictures than just seeing it myself.Haha. Still disagree, but maybe your eyes are a LOT slower than mine...
Sorry to be the bearer of bad news, but "Appraisal Modernization (which includes UAD 3.6) is part of the GSE scorecard that FHFA imposes on them, so I think UAD 3.6 is going to happen, with an initial rollout in September of this year.
Why does the FHFA scorecard matter?
People at Fannie and Freddie like their bonuses so it is going to happen unless FHFA changes their goals which is highly doubtful since FHFA just confirmed the at their valuation modernization summit on Feb 28th that are proceeding with the rollout of UAD 3.6 beginning in Sept., 2025, which is the same timeline that they published in 4q24. The rollout will be in phases, with limited lenders using UAD 3.6 beginning next September and all lenders allowed to use it beginning in January 2026. The existing UAD dataset and forms can continue to be used until Nov., 2026 (at the lenders' discretion), at which time, all appraisals will have to submitted using UAD 3.6. The new UAD 3.6 specification has been completed and published, so it is almost certain happen without anymore delays.
