In this informative episode, host Phil Treadwell welcomes Freddie Mac's Scott Reuter to discuss the myths and trends surrounding appraisals and valuations. As the Chief Appraiser and Director of Property Valuation at Freddie Mac, Scott talks about Uniform Appraisal Dataset (UAD) redesign and how to get prepared, appraisal quality, and alternative valuation options. Scott shares his knowledge on these topics and gives an inside look into the current and emerging trends of the market today. Don’t miss this episode for insights on new and improved things coming from Freddie Mac and how they benefit mortgage professionals!
With over 35 years of experience in appraisal and collateral risk management, Scott has held leadership roles at Bank of America, Goldman Sachs, and GE. Recently, he was honored as the 2021 Valuation Visionary by the Collateral Risk Network and received GE’s Americas Award for Outstanding Contribution to the Business.
00:20 Meet Scott
01:45 Alternative Valuation Options
05:05 Property Data Report Collection Myths
09:20 ACE, PDR, UPD, and More
13:35 Not Just One and Done
15:50 Bettering Appraisal Practices
20:45 Potential Biased Words and Phrases
24:00 UAD Redesigned
29:45 Appraisals = More Objective
31:25 Thorough, Complete, and Data-Driven
35:50 Timeline to the Finished Product
39:00 Talk to Your Appraiser
Check out these UAD resources: https://sf.freddiemac.com/tools-learning/uniform-mortgage-data-program/uad
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