Appraisal Foundation Provides FAQ to Help Clarify USPAP Extension

Appraisal Foundation Provides FAQ to Help Clarify USPAP ExtensionThis past February, The Appraisal Foundation’s Appraisal Standards Board (ASB) decided to extend the current edition of USPAP 2020-2021 by one year, which will now remain in effect until December 31, 2022.

Within its announcement, ASB Chair Wayne Miller noted that this “will provide more continuity to the profession during the pandemic, while also giving the ASB the appropriate time to carefully examine the challenges facing our profession before offering additional guidance.”

To no surprise, this recent extension has also led to many questions from appraisers and others about how it will affect USPAP’s traditional requirements. As a result, The Appraisal Foundation has created a special FAQ to help provide more clarity of what’s expected.

For all the details, check out the FAQ here.


The Appraisal Foundation –


EVO Appraisal Management Software Simplifies Appraisal Reviews with MARS

Are you concerned with how complex real estate appraisal reviews have become? Global DMS’ MARS®, a standard component of our EVO™ appraisal management software, essentially eliminates these concerns by automating your appraisal reviews – expediting a once grueling task and further ensuring compliance. MARS quickly analyzes an appraisal for completeness, consistency, and compliance with all GSE guidelines, USPAP, UAD, and industry best-practice, providing accurate reviews in seconds. MARS also significantly reduces review times by instantly directing reviewers to the areas of the appraisal the need their attention most, providing clear directives on a resolution.

Tell Me More