What is a FNMA 1004?
A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.
Who owns Firstlook appraisal?
CHICAGO, May 8, 2018 /PRNewswire/ -- First Look Appraisals (First Look), a leading national appraisal management company (AMC), announces strategic additions to its Executive Leadership team and Board of Directors: Jim Anderson, Executive Vice President of Business Development an...
How can I speed up my appraisal?
A homeowner or occupant can help speed up the appraisal process by providing timely access to the property. If it is a multi-family property, access to all the units during the inspection must be provided.
What is a 1004 appraisal?
A 1004 appraisal form is considered to be one of the most commonly used forms in residential real estate appraisals. In accordance with USPAP a 1004, or URAR, is completed when estimating the market value of a single-family dwelling complete with an exterior and interior inspection.