- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

In Bad Form

For some reason, Fannie Mae was inspired to change ALL the appraisal forms they use, effective November 1, 2005 [1].

This will be a painful conversion process for most appraisers and will generally be met with skepticism for a few reasons:

Here’s a radical idea. Keep using the old FNMA 1004, 1073, 1075 and other appraisal forms for non-lending use. They are USPAP compliant [3] and appraisers already have the software. I want to see how this shakes out before I consider using the AI form.