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Urar appraisal desk review - WordPress

Urar appraisal desk review - WordPress 2025

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The URAR Appraisal Desk Review document is a comprehensive form used to evaluate the quality and accuracy of real estate appraisals for single-family properties. It includes a checklist of criteria to assess various aspects such as property information, neighborhood analysis, improvements, cost approach, sales comparison, and income approach. The reviewer must determine if the appraisal meets compliance standards set by FNMA and FHLMC, providing comments on any deficiencies noted during the review process. The final section allows the reviewer to accept or reject the appraisal based on its completeness and support for the market value estimate.

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Versions	Form popularity	Fillable & printable
2011	4.9 Satisfied (58 Votes)
2003	4.9 Satisfied (48 Votes)
2002	4.7 Satisfied (63 Votes)
2001	4 Satisfied (35 Votes)

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What is the role of an appraisal desk specialist?

Perform clerical and quality control duties to aid appraisers in the valuation process and in preparing information for Boards of Equalization and lead clerical staff in these duties. Use a variety of technical computer programs related to appraisal activities including CAMA system and GIS mapping applications.

Who completes an appraisal desk review?

While it is not always required that the reviewer be a state-certified appraiser, that is the most common way that the review is performed. In some cases, regulations require that the desk review be performed by an appraiser certified in the state where the property is located.

What does a desk review on an appraisal mean?

A desk review is a second set of eyes looking at the data to gauge if it is the best possible use data. This type of thing happens very commonly for rural properties, unique properties, or just properties located in areas where there are not a lot of comparables.

What is an appraisal desk review?

Desk Review This method evaluates the methodologys accuracy and reasoning of the report. A desk review can be used to ascertain if the data used in the appraisal was relevant and correctly applied. However, a desk review can not verify the accuracy of the data presented in the report.

What is the subject section of the Urar?

Parts of the URAR Contract: Information on the contract for sale is entered here for appraisals in which a change of ownership is about to occur. Subject: Basic information such as the address, legal description, owners and/or borrowers names. The client is also identified here.

How much does a desk review cost?

While Electronic Reviews may cost less than $50 each and Desk Reviews are normally priced between $100-$200, a recent survey indicated that the Field Review costs about the same as an appraisal and, if things get complicated, it can cost more.

Who completes an appraisal?

The process is led by a licensed or certified residential appraiseran independent third party engaged by the lender to provide a professional judgment on the homes value. Appraisers do not represent the buyer or seller; their sole duty is to come up with a fair and accurate valuation of the property.

Who reviews an appraisal?

During an appraisal review, a licensed or certified appraiser evaluates the appraisal report of another licensed or certified appraiser. The reviewers goal is to offer independent feedback in varying degrees, depending on the defined scope of the review.

Urar appraisal desk review - WordPress 2025

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