Reporting Market Analysis and Better Understanding the New URAR

Course overview

The new URAR presents challenges to appraisers to be able to deliver a report in a confident manner to clients with a credible analysis that meets the minimum reporting requirements of the GSEs. Unlike the existing 1004 report form, the new URAR places more emphasis on supporting and reporting a thorough market analysis for the subject property. In the past, appraisers often kept the market analysis support in the workfile. Going forward, support is expected within the appraisal report. Reporting Market Analysis and Better Understanding the New URAR is a four-hour program that focuses on lending assignments for residential properties using the new URAR. Appraisers who are not well versed in completing a thorough and credible market analysis will find this program to be most helpful. The program will also be a good refresher for the experienced appraiser and the reviewer of residential reports.