What AppraiserBench is
The analysis behind your adjustments and the documentation to back them up. It derives the rates from your own sales and exports the reasoning for the report and the workfile.
UAD 3.6
The redesigned report doesn't change how you derive an adjustment. It changes how visible your support has to be: in the market section, on every line of the grid, and in the cost approach.
AppraiserBench isn't forms software and doesn't write your UAD file. It does the analysis behind the adjustments and produces the exhibits that show it.
What changed
A GLA rate still comes from paired sales. A time adjustment still comes from the market between two contract dates. You derive adjustments the same way on the redesigned report as you did on the 1004.
The support is no longer a paragraph at the end. It's structured fields: a market section that wants figures, a grid where each rate stands on its own, and a cost approach that expects the land sales your site value came from.
The market section
Inventory and absorption, closed sales and concessions, reported as figures instead of descriptions. MarketAdjuster reads your export and derives all of them, so the section comes from the data, not from memory.
It's just as useful on a 2.6 report today. The same figures still need support there; the form just doesn't ask for them by name.
Where it asks
Each one has an export that covers it, built from the sales you were already going to analyze.
Inventory, days on market, list and sale price ranges, pending counts, months of supply, marketing time, and whether values are increasing or declining. Most appraisers fill this in by hand, from memory, or rebuild it in a spreadsheet on every assignment.
It reads the export you already pull and derives the market section figures: active listings, median DOM, low, median and high list and sale prices, pending sales, months of supply, marketing time, and a supply and demand conclusion you can override. It also builds the trend chart and the adjustment table for each comp.
A structured grid puts each rate in plain view. "Based on my experience in this market" isn't support, and it's the first thing a reviewer questions.
It derives site, GLA, below grade, bath and garage rates from the comps you selected, and keeps the methodology with each one: the market method, regression check, paired sales audit, bracketing test, central support range, and how much the adjusted range tightened. You reconcile the final figure, and the file records how you got there.
You can't just state a site value anymore. You're expected to identify the land sales it came from, which means keeping track of those sales and getting them into the report.
The land analysis derives your site adjustment from vacant lot sales and shows the reconciled rate next to the market rate and regression checks it came from. The support report includes a Land Sales Considered list, with the sales your opinion is based on in one place, ready for the cost approach.
Scope
The analysis behind your adjustments and the documentation to back them up. It derives the rates from your own sales and exports the reasoning for the report and the workfile.
It isn't forms software, and it doesn't write or submit your UAD file. It makes no claim about what any lender or reviewer will accept. You reconcile every figure, and the conclusion in the report is yours.
MarketAdjuster's narrative explains that comps that went under contract in different months sold in different markets, consistent with Fannie Mae Selling Guide B4-1.3-09 on adjusting each comp from its own contract date.
No, and be careful with anything that claims to. AppraiserBench isn't forms software and doesn't write or submit your UAD file. It does the analysis behind the adjustments you report: it derives them from your own sales and produces an exhibit that shows how. Whether the report itself is compliant is between you and your forms software.
The exhibit shows the data set, what was excluded, the method and the reasoning, so a reviewer can follow how you got the number instead of taking it on faith. MarketAdjuster's narrative cites Fannie Mae Selling Guide B4-1.3-09 on adjusting each comp from its own contract date. No software can promise a particular reviewer will accept a particular report.
No. It derives an indicated adjustment from the sales you give it and shows the data behind it. You reconcile it, change it or throw it out. The conclusion in the report is yours, and the exhibit shows how you got there.
More on CompAdjuster and MarketAdjuster.
Per appraiser. Every plan starts with 14 days free. Nothing's charged before day 14, and you can cancel anytime from your account page.
Complete adjustment support
or $699/year · $9 a month less than both separately
Notify meAt $69 a month, Professional costs about what 40 minutes of an appraiser's time is worth. That's 40 minutes a month, not per report. Run your own numbers.
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AppraiserBench opens to all appraisers on October 1. Leave your email and we'll send you the link that morning.
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