The Appraisal Foundation recently announced that USPAP guidance will be accessible in appraisal software programs in the near future. ACI, Bradford Technologies and Centric Technology Solutions will release new programs that offer USPAP and accompanying guidance as an added resource for real property appraisers.
The Appraisal Foundation selected these three companies for the initial launch, it said, because each is committed to provide appraisers with what is needed to perform quality appraisals utilizing these software programs. These programs will prove valuable in saving appraisers time, while ensuring compliance with USPAP will be met for the benefit of both consumers and lenders.
“This announcement ushers in a new day for the Foundation and appraisal technology,” TAF president David S. Bunton said in a press release. “Appraisal professionals will now have USPAP and the Foundation’s related guidance at their fingertips for reference during every step of the process. Digitizing USPAP and including it in the appraiser’s toolset is the best way to ensure compliance and ultimately build public trust in the work of appraisers.”