Fannie Mae Form 2002 URAR Appraisal Desk Review
This report is used to communicate an opinion on the accuracy of the appraisal report under review as defined in Uniform Standards of Professional Appraisal Practice (USPAP). The review will be limited to the data presented in the report under review which may or may not be independently confirmed.
A Cocamar approved review appraiser will determine if the appraisal is well written, the calculations correct, the reasoning sound and the opinion of value well supported. The review appraiser will also determine the appraisal is in compliance with regulatory requirements and professional standards. The review appraiser will complete a FNMA 2002 form marked “acceptable”, “requires additional information to be acceptable” or “unacceptable”.
**Prior to delivery to the client, the report will be reviewed by a Cocamar staff member for consistency and accuracy. If inconsistent or inaccurate data are identified by the staff member reviewer, the report will be returned to the appraiser for revision until it meets Cocamar and client-specific standards.