Appraisal reviews continue to be under scrutiny with two major industry concerns: The first is whether the report is compliant with the Uniform Appraisal Dataset (UAD) guidelines, which is automated by the Uniform Collateral Data Portal (UCDP) — a single portal through which lenders electronically submit appraisal reports for conventional mortgages delivered to Fannie Mae or Freddie Mac. The second concern is the quality of the appraisal source. 

To adhere to both, automated technology is playing an increasingly important role in appraisal review. While technology aims to make improvements, many appraisers may be fearful of such change; therefore, a deep understanding of technology is the key to success, and having answers to some of the most basic questions can help determine what is best for you.