What do I say to appraisers who don’t want to complete UAD 3.6 appraisals?

Appraisers may be intimidated by the new UAD 3.6 data standard and technology, but it offers a new business opportunity to appraisers and appraisal firms, especially early adopters:

Early adopters - appraisers who are proficient with UAD 3.6 will earn more business, and will have the option of completing traditional and hybrid appraisals

Expanded geographic competence - appraisers no longer have to complete on-site inspections, and can become geographically competent in more market areas

Increased income from hybrid appraisals - as banks adopt hybrid appraisals widely, they will work with smaller number of appraisers who specialize in desktop assignments

Appraisal trainees - the introduction of UPDs and a professional third-party workforce reduces the burden on appraisers to hire and mentor trainees

How hybrid appraisals mitigate these issues:

Appraisal modernization works well when banks and lenders engage appraisers directly, providing them with the property data report, and allowing them to complete more assignments:

Direct engagement of appraisers - banks and lenders can maintain their trusted appraiser relationships and allow these appraisers to expand their service areas

Uniform Property Data (UPD) reports - these can now be sourced reliably from Asteroom in 3 days for the same consistent fees nationwide.

Pre-populating Inspection Data — Asteroom automatically pre-populate inspection data, enabling appraisers to stay within their existing workflow. This allows them to complete reports using familiar desktop form software, eliminating the need to adopt new mobile data collection tools and reducing friction during the transition to UAD 3.6. Appraisers can easily verify the data by virtually walking through the property—both interior and exterior—using Asteroom’s 3D scan.