Lenders are in full control of GSE and related systems.

https://www.mba.org/news-and-research/newsroom/news/2025/09/16/mismo-names-mortgage-industry-leader-brian-vieaux–cmb–as-president

Lowering Appraisal Costs: What LOs Should Know

Recently I received a note “LO VieauxPoint” from Brian Vieaux, President, MISMO, addressing the topic of appraisal waivers, faster turn times, and less risk.

“UAD 3.6 should already be on your agenda. Do you want more appraisal waivers? Do you want appraisals completed faster, with better accuracy and quality? Do you want less liability and risk tied to appraisal data flowing through your organization? It’s hard to imagine anyone in mortgage answering “no” to any of those questions.

“On November 14, 2025, the first UAD 3.6 appraisal was successfully submitted through the Uniform Collateral Data Portal. The appraisal was completed using SFREP’s Appraise-It Pro software, delivered through AIMSdashboard, and accepted by the lender, North State Bank. No issues. No disruption. Just a real appraisal moving through modernized rails.

“UAD 3.6 is no longer theoretical. It’s operational and is part of the broader Uniform Mortgage Data Program (UMDP), overseen by the Federal Housing Finance Agency (FHFA) and jointly implemented by Fannie Mae and Freddie Mac. UMDP has been the foundation for standardizing mortgage data across the industry, enabling automation, consistency, and scalable risk analysis. UAD 3.6 is the next evolution of that work. It replaces legacy appraisal forms with a single, dynamic Uniform Residential Appraisal Report (URAR). Instead of choosing a form number, the appraisal is driven by property characteristics and inspection type. The data is structured, standardized, and aligned with the MISMO reference model, enabling cleaner integration with lender systems and far more reliable downstream analysis.

“Ordering, procurement, quality control, underwriting, risk, and compliance are all implicated.

For mortgage originators, the implications are tangible. Cleaner appraisal data supports faster reviews, fewer conditions, and greater confidence in collateral risk assessment. That confidence directly supports expanded use of appraisal waivers, which translate into lower costs, shorter cycle times, and a smoother borrower experience.

“There is also risk in delay. Lenders who wait until UAD 3.6 is mandatory are likely to carry hidden costs long after the deadline: manual reviews, exception handling, vendor misalignment, and internal confusion. By contrast, lenders using today’s Limited Production Period as a learning window are positioning themselves for efficiency and scale.

“The only question left is leadership. Ask your leadership team: Are we prepared to adopt UAD 3.6? What systems, partners, and timelines are in place? For a deeper look at why UAD 3.6 matters, how it ties to UMDP, and what early adoption unlocks for lenders and originators, read the full VieauxPoint blog: Do You Want Appraisal Waivers, Faster Turn Times, and Less Risk? Waiting will not make this easier. Preparation will.” Thank you, Brian!

Peoples entire lives, their equity, their financial plans, their investments. All could be wiped out by the coming automatic valuation and instant approval or disproval lending systems. The nameless faceless void of what is sold as artificial intelligence, but is really a complete circumvention of human based checks and balances systems. Appraisal modernization!

Will appraisal turn into something akin to the windows operating systems? Appraisal avm 1.0, 2.0, 5.0 appraisal vista, appraisal wonder, and so on, and so forth. If the tech guys have anything to say about it, well it’s clear how they’ve mismanaged other systems with an infinite never ending stream of technical updates to keep themselves prioritized and in business. Always with a ‘new’ product, in slightly different packaging. “Never 10”

Regulators are fooling themselves if they think tech companies are anywhere near as simple to regulate and provide oversight for as human appraisers are. Unless the regulators know the details of coding and could develop those systems themselves, they would be wise to support the traditional appraisal valuation model instead. We are an essential element in the lending world for a sensible application of checks and balances systems.