New test URAR, series of test forms unveiled by Fannie

Based largely on appraiser input, Fannie Mae has revised its series of proposed new test forms. The new Test 1004 provides additional narrative and comment space, restoration of standard format for cost and income approaches, an expanded sales comparison grid, and more, including appending what had been the test 1004b, Definitions, Statement of Limiting Conditions, and Appraiser's Certification, as pages 4-6.

Here are links to PDFs of the new forms from Fannie's website [Note: some forms require Adobe Acrobat Reader version 6.0 to view, we've found. You can download it for free here.]: 1004, 1004c, 1004d, 1025, 1073, 1075, 2000, 2000a, 2055, 2090, 2095. Some of the PDFs (as of this writing) are secured so as to prevent printing or text-copying. That's on Fannie's end, not ours (and hopefully will be fixed soon).

As you know, we drop everything when a major new form comes out (let alone 11!), and we plan to have the new test URAR out for beta testing by no later than next week. Others will follow shortly thereafter. We pride ourselves (justly) on getting these forms into WinTOTAL users' hands via ICU faster than any other vendor, and we don't plan to change that for this new round of Fannie test forms.

Fannie is still interested in your feedback, which it asks that you send it by December 15 – not much time! You can e-mail test_appraisal_forms@fanniemae.com with comments or concerns.