Newz: Nobody is Ready for UAD 3.6,
Time to Take Out the AMC Junk
August 28, 2026
What’s in This Newsletter (In Order, Scroll Down)
- LIA AD: Think carefully before signing a Records Affidavit
- Nobody is Ready for UAD 3.6 by Isaac Peck, Publisher WorkingRE
- The famed rotating round house at 4 Harkle Road in Novato is for sale for the first time
- It’s Time to Take Out the Junk: AMC Practices Exposed by Logan Dorman
- MY AD: How to reduce stress to be more productive in business and a happier life
- Becoming an Appraiser: Courage to Grow Beyond Training by Timothy Andersen, MAI
- UAD 3.6 UPDATE – Comp Photos, Any Future for Residential Appraisers?
- MBA STATS: Mortgage applications decreased 1.0 percent from one week earlier
Nobody is Ready for UAD 3.6
by Isaac Peck, Publisher WorkingRE
I just got back from Valuation Expo, the nation’s largest and most dynamic conference for real estate appraisers and valuation industry stakeholders. More than 800 people made it to Las Vegas this year.
Appraisers, chief appraisers at appraisal management companies (AMCs), lenders, regulators, software developers, service providers, insurance professionals and more convened to talk about the latest technology and explore where the profession is headed.
The mood was elevated and positive—many attendees were genuinely invigorated and excited about the future. And yet, despite all the positivity, another reality was plainly clear from the conversations: Nobody is ready for UAD 3.6.
While many of the leading software providers received initial approval from Fannie Mae and Freddie Mac (the GSEs) in late 2025 and early 2026, word on the ground is that there are still plenty of bugs to work out.
AMC executives privately shared that they have staff simultaneously testing all the GSE-approved appraisal reporting software so they can troubleshoot and support appraisers when they inevitably run into bugs and errors trying to turn in an assignment. Some of those bugs are being run back to the software companies in real time, as appraisers, AMCs, lenders and software providers work together to find a solution.
In other words, while the GSEs tested the main appraisal report software providers on several different types of assignments, there are so many nuances, data fields and report settings that bugs are surfacing rapidly now that appraisers are finally doing live assignments.
In addition to the software challenges, part of the problem is that most lenders haven’t begun ordering UAD 3.6 reports at all.
I spoke with several regional AMCs. Each had completed just two UAD 3.6 assignments—and in each case, one of the two was a test run the AMC had ordered itself.
If one of the largest mortgage lenders in the country has only done six UAD assignments, how many appraisers have actually completed a UAD 3.6 assignment? The answer is very, very few.
An appraisal software executive shared with me privately that he fears appraisers may be (wrongly) blamed if the rollout goes poorly and the market is disrupted. It would be easy to sell a narrative that “appraisers weren’t ready,” or that appraisers can’t handle the new report format. Such a view clearly misses the point. After all, appraisers don’t control the development of the software, nor do they control when UAD 3.6 reports start getting ordered, to Reuter’s point.
Will we see an avalanche of UAD 3.6 orders in September and October, and will the transition happen smoothly by mid-October? It seems unlikely.
Many thanks to Isaac Peck for “in person” realistic reporting on the Most Popular Topic in appraising – Future of UAD 3.6 and GSEs.
To read more, Click Here
My comments: Definitely worth reading the full article!!! I was unable to attend this conference but have attended many webinars and two “boot camps” via zoom since early 2025. Plus I have written about the problems.
This article was no surprise to me. It puts all the pieces together and has quotes from knowledgeable people, plus what appraisers said.
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