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What does URAR stand for?

URAR stands for Uniform Residential Appraisal Report (FMNA 1004)

This definition appears frequently and is found in the following Acronym Finder categories:

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  • Business, finance, etc.

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We have 2 other meanings of URAR in our Acronym Attic

Samples in periodicals archive:

Ever since the introduction of fixed-format appraisal report standards by Fannie Mae more than 25 years ago (the so-called Green Hornet form), appraisers have migrated to a single appraisal report format--the Uniform Residential Appraisal Report (URAR) for most assignments.
A standardized residential REO appraisal requires a Supplemental Real Estate Owned Appraisal Addendum along with the property-specific form, such as Fannie Mac Form 1004, Uniform Residential Appraisal Report (URAR); Form 1075, Individual Condominium Unit Appraisal Report; Form 1075, Exterior-Only Inspection Individual Condominium Unit Appraisal Report; and Form 1025, Small Residential Income Property Appraisal Report.
The affected forms include all the common appraisal reports every lender likely receives each day: * Uniform Residential Appraisal Report (Fannie Mae Form 1004, Freddie Mac Form 70); * Individual Condominium Unit Appraisal Report (Fannie Mae Form 1073, Freddie Mac Form 465); * Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Fannie Mae Form 1075, Freddie Mac Form 466); and * Exterior-Only Inspection Residential Appraisal Report (Fannie Mae Form 2055 and Freddie Mac Form 2055) In its Oct.
The Uniform Residential Appraisal Report form includes the certification, "I performed a complete visual inspection of the interior and exterior areas of the subject property" Fannie Mae's Selling Guide adds: "We expect that appraisals based on an interior and exterior inspection will include a complete visual inspection of the accessible areas of the property.
AI Reports[TM]--The Next Step For the past 20 years, residential appraisers have grown accustomed to using Fannie Mae's Uniform Residential Appraisal Report for a wide array of residential appraisal assignments outside of mortgage lending work.