Big News for Appraisers: Fannie Mae's URAR Overhaul Is Coming

Written By Dallas T. Kiedrowski, MNAA

There’s a significant update out from Fannie Mae that appraisers and real estate professionals alike should have on their radar. While it’s not a legislative change per se, it’s a major shift in how mortgage appraisals will be done—and it’s going to impact all of us in the field.

One of the biggest highlights? The traditional appraisal forms we’ve been using for years are being phased out. That’s right—the old way of filling out separate forms for different property types (SFRs, condos, duplexes, etc.) is being replaced with a new Uniform Residential Appraisal Report (URAR) format.

Think of it like a “choose your own adventure” approach: one dynamic, unified form that adjusts based on the type of property being appraised. Whether it's a single-family residence, a condo, or a property with an ADU, the system will tailor the questions and required data to match.

Key Transition Dates to Know

This change isn’t happening overnight. The GSEs (Government-Sponsored Enterprises) are rolling this out in phases, leading up to full implementation in late 2026:

  • September 8, 2025: Limited Production Period begins

  • January 26, 2026: Broad Production Period begins

  • November 2, 2026: Full Mandate—All lenders must comply

If everything stays on track, we could start seeing these new appraisals circulating just in time for tax appeal season. But again, timelines are always subject to change, so flexibility is key.

Sneak Peek: Sample Appraisals Released

Fannie Mae has released sample appraisals using the updated URAR format. This is the first real preview we’ve had of what these dynamic forms will look like in action. You can explore the form examples HERE.

Stay tuned to hear more at Spring Seminar on May 1st.

Dallas T. Kiedrowski, MNAA

With over two decades of hands-on experience across various roles such as Fee Appraiser, Mass Appraiser, Appraisal Coordinator, Property Manager, Loan Officer, and Real Estate Broker, I bring a comprehensive understanding and deep expertise to the field of real estate appraisal. Throughout my career, I have consistently delivered top-tier service, earning a reputation for excellence and reliability.

In addition to my extensive professional background, I actively contribute to the advancement of the real estate appraisal industry through my roles on several influential boards and committees. I currently serve on the Executive Board for the West Puget Sound Chapter (WPSC) of IAAO and am a proud member of the Board of Directors and the Legislative Committee for the Appraisers Coalition of Washington (ACOW). My commitment to the profession is further demonstrated by my designation as a member of the National Association of Appraisers (NAA) and my candidacy for the Residential Evaluation Specialist (RES) designation from the International Association of Assessing Officers (IAAO).

Recently, I have been privileged to represent ACOW at the National Association of Appraisers (NAA) Board of Governors meeting, and I had the honor of moderating the Highest and Best Use Panel at the ACOW Spring Conference. Additionally, I testified before the Washington State Consumer Protection and Business Committee on behalf of ACOW regarding Property Data Collectors (PDC), advocating for important industry standards and practices. I was also a featured speaker at the WPSC IAAO Spring Conference, where I shared legislative insights.

Beyond my professional commitments, I am deeply invested in my community. I serve as Treasurer for the Dream Playground Foundation and as a Commissioner for the City of Port Angeles Parks, Recreation, and Beautification Commission. Additionally, I am a member of the Planning Commission for the City of Port Angeles. These roles allow me to actively contribute to enhancing the quality of life in our local area, reflecting my dedication to both my profession and my community.

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