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
On the redesigned report, the market section, the grid and the cost approach each ask for the support behind your numbers.
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 adjustment still needs credible market support. A market conditions adjustment still needs support from how the market changed between each comparable's contract date and the effective date. The methods you use to develop that support don't change with the redesigned report.
Support used to be a paragraph at the end of the report. Now the market section asks for figures, each rate on the grid stands on its own, and the cost approach expects the land sales behind your site value.
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 every figure in the section traces back to your data.
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. See a finished example, every field filled in →
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, garage and pool rates from the comps you selected, and keeps the methodology with each one: the market method, regression check, paired sales audit, sensitivity test, middle 50% of the indications, and how much the adjusted range tightened. The commentary is written from those figures. You reconcile the final figure, and the file records how you got there.
A site value with nothing behind it is harder to defend on the redesigned form, which gives the cost approach more structure. The land sales you analyzed are the support, which means keeping track of them 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. 14 days free on every plan. You add a card when you start, nothing is charged during the trial, and billing begins when it ends unless you cancel. Cancel anytime from Account, then Manage billing.
Physical adjustments: site, GLA, below grade, baths, garage and pool
or $399/yr (about $33/mo, save $69)
Start free trialMarket conditions adjustments and the UAD 3.6 market section
or $399/yr (about $33/mo, save $69)
Start free trialBoth tools: CompAdjuster and MarketAdjuster
or $699/yr (about $58/mo, save $129)
Start free trialProfessional pays for itself if it saves you about forty minutes a month. Run your own numbers.
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