Appraisals are Changing: What Buyers & Sellers Need to Know
Posted by Courtney M. Brown on
Appraisals Are Changing: A Conversation with Brady Spangler of Mortgage Company Rate
Appraisal reports are getting their biggest update in years, and it becomes mandatory on November 2, 2026. Fannie Mae and Freddie Mac are rolling out UAD 3.6, a new reporting format that captures more detailed, standardized property data.
To help Maui Buyers and Sellers prepare, I sat down with Brady Spangler, Branch Manager and SVP of Mortgage Lending with Rate, here on Maui. Here are his answers to the five questions clients ask most.
1. What is UAD 3.6, in simple terms?
Brady: "It's a new appraisal reporting format being rolled out by Fannie Mae and Freddie Mac. The goal is more detailed, standardized property data. In simple terms: more detail, better…
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