Real Estate Analysis and Commentary in Spearfish

The residential appraisal industry is undergoing one of its most significant reporting changes in decades. Fannie Mae and Freddie Mac are introducing a redesigned reporting standard known as the Uniform Appraisal Dataset (UAD) 3.6, replacing familiar appraisal forms with a more comprehensive, flexible reporting format.

The goal of this transition is to improve the consistency, accuracy, and transparency of property information provided to lenders and other users of appraisal reports.

When Does UAD 3.6 Become Mandatory?

November 2, 2026, marks the mandatory transition for applicable new appraisal reports submitted to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal. While that deadline is approaching, the software and technology supporting these reports are still evolving.

Why Could Appraisal Fees and Turnaround Times Increase?

One of the most significant challenges we have encountered involves compatibility between our existing data sources and the new reporting format.

Historically, appraisers have relied on software tools that import property information from Multiple Listing Services (MLS), shared comparable-property databases, and their own historical appraisal records. These features reduce repetitive data entry and allow more time for market research, comparable-sale analysis, and developing credible opinions of value.

In our initial experience at Petrik Appraisals LLC, these familiar import capabilities have not yet been available in our current UAD 3.6 workflow. Information that previously transferred automatically now must be entered manually. Combined with expanded reporting fields, new documentation requirements, and the learning curve of an unfamiliar interface, this has substantially increased the time required to prepare an appraisal report.

We anticipate that some of the software enhancements needed to restore these efficiencies will arrive after the November 2 transition date. As a result, appraisal fees may increase and turnaround times may be longer during the initial transition period.

These changes do not necessarily mean that the underlying valuation methods have changed. Much of the additional time comes from completing the new reporting requirements through systems that are still being refined.

Will Fees and Turnaround Times Improve?

We are optimistic that they can. As appraisal software providers improve their platforms, automated imports become available, and data integration becomes more reliable, report preparation should become more streamlined.

At Petrik Appraisals LLC, our goal is to pass those efficiencies along to clients through faster turnaround times and more competitive appraisal fees whenever possible. While we cannot predict exactly when every feature will become available, we are committed to continually improving our workflow.

What Does This Mean for Buyers, Homeowners, Agents, and Lenders?

Planning ahead will be especially important during the transition. Ordering appraisals early, providing complete property information, and confirming fees and expected delivery dates at the outset can help minimize delays.

Appraisal fees will continue to depend on each assignment’s scope, property complexity, and reporting requirements. We will communicate expectations as clearly as possible while the industry adapts.

Our Commitment

At Petrik Appraisals LLC, we’re working through UAD 3.6 firsthand. Our commitment remains the same: thorough market analysis, credible valuations, and clear communication.

We will continue adapting as the technology develops, with the goal of maintaining reliable appraisal services while working toward greater efficiency, timely delivery, and competitive pricing.

Petrik Appraisals LLC
Serving the Northern Black Hills, Rapid City, and surrounding communities in South Dakota and Wyoming.