FHA Posts Implementation Guide For New Residential Appraisal Reporting Standard
By CU Today Staff —
WASHINGTON—The Federal Housing Administration has released a new implementation guide to help lenders, appraisers and technology providers prepare for the agency's transition to the Uniform Appraisal Dataset (UAD) 3.6 and the redesigned Uniform Residential Appraisal Report (URAR).
According to FHA, the guide is intended to help industry participants update their technology and business processes ahead of the agency's adoption of the new appraisal reporting framework.
The redesigned URAR, developed jointly by Fannie Mae and Freddie Mac, replaces the multiple residential appraisal forms currently used for different property types with a single, dynamic report that expands or contracts based on the appraisal assignment. According to Fannie Mae, the new format is designed to improve data quality, standardize appraisal reporting and align appraisal data with MISMO 3.6 standards to support greater automation throughout the mortgage process.
Fannie Mae said lenders have been permitted to voluntarily submit UAD 3.6 appraisal reports since the Broad Production period began Jan. 26. Beginning Nov. 2, 2026, however, all appraisal reports submitted through the Uniform Collateral Data Portal for loans sold to Fannie Mae or Freddie Mac must use UAD 3.6 and the redesigned URAR. Freddie Mac has similarly urged lenders, appraisers and software providers to complete training and technology updates before the mandatory implementation date.
FHA said its Electronic Appraisal Delivery portal now includes a UAD 3.6 Implementation Preparedness Toolbox containing technical specifications and implementation resources. According to the agency, beta testing of its updated technology platform is underway, with an optional transition period planned before the government-sponsored enterprises' Nov. 2 mandate, giving FHA-approved mortgagees and appraisers additional time to prepare for the industry's most significant appraisal reporting overhaul in more than a decade.
Originally reported by CU Today.