Changes are coming to the appraisal profession. Our thought leaders recently sat down with Valuation Review to talk about them! George Paquette, Chief Operating Officer at Valligent, and Kristin Gruidl, Director of Product Management at Veros Real Estate Solutions, discuss the changes that Uniform Appraisal Dataset (UAD) 3.6 and the Uniform Residential Appraisal Report (URAR) will have moving forward. Specifically, they speak on the increased efficiency, clarity, and consistency that appraisers will experience, as well as the shift in reports to something much more data driven.
Take a look at some of the key highlights from our thought leaders:
- The new URAR will eliminate form-specific constraints, often requiring substantial commentary and workarounds. The new process will contain structured data fields, ultimately creating a more efficient process.
- Specific benefits from these implementations for appraisers include a significant reduction in redundant data entry, far less typing, and real-time validation helping to reduce revision requests.
- Early adopters of these new changes will stand to gain a real advantage! Lenders and appraisal management companies will be looking for appraisers to lead the way in this new process.
Paquette and Gruidl dive deep into these changes and provide insights into what you should do moving forward. Looking for a more in-depth analysis? Read the full article in Valuation Review today: Panelists answer key questions for appraisers surrounding UAD 3.6 | News | Valuation Review
