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The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals. It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an accessory unit.
The report helps lenders assess the risk associated with lending money to a borrower, as it provides an unbiased assessment of the propertys value. Real estate appraisal: Real estate agents also use URAR to determine the market value of a property.
The Uniform Appraisal Dataset (UAD) defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields.
Fannie Mae and Freddie Mac have jointly developed the UAD and implemented the UAD for conventional loans sold to either GSE. Questions pertaining to FHA and VA requirements should be addressed to those organizations directly.
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Uniform Residential Appraisal Report (Desktop) (Form 1004 Desktop), Manufactured Home Appraisal Report ( Form 1004C), Small Residential Income Property Appraisal Report (Form 1025), Individual Condominium Unit Appraisal Report ( Form 1073), and.
Appraisals done for conventional loans are uploaded to an industry-wide Uniform Collateral Data Portal (UCDP). Here the appraisal report is given a rating called a Submission Summary Report (SSR). The SSR score is what prompts appraisal reviews. The SSR score ranges from 1.0 to 5.0.
The UAD standardizes certain data points to support consistent appraisal reporting. Regardless of geographic location of the property or any localized reporting conventions, the UAD standardization includes: Standardized formats for fields that include dates, values, etc.

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