Section 02
Assignment Information
Appendix F-1, page 34
The Assignment Information section always displays and provides information about the entities involved in the appraisal, and work completed by the appraiser and other parties. This section provides space for additional commentary and exhibits.
General Information#
Assignment Reason#
Assignment Information: Assignment Reason
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.000 | Assignment Reason | Always required | Choose an allowable answer from the Definition / Additional Guidance column | Reason for the appraisal assignment. - Construction - Deed in Lieu - Home Equity - Loan Modification - Portfolio Evaluation - Preforeclosure - Purchase - Refinance - REO - Short Sale - Other (Describe) Notes: - If more than one reason applies, choose the most appropriate or primary reason for the assignment. - Other relevant information regarding the assignment reason, including whether more than one assignment reason applies, is reported in Assignment Information and Scope of Work Commentary (2.061). |
Borrower, Seller, and Current Owner of Public Record#
Assignment Information: Borrower, Seller, and Current Owner of Public Record
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.001 | Borrower Name | If applicable | Free-form Repeatable |
Notes: - The borrower can be a person or a legal entity. - For VA appraisals, reference the appropriate government agency appraisal guidelines. |
| 2.002 | Seller Name | If applicable | Free-form Repeatable |
Notes: - The seller can be a person or a legal entity. - If there is no seller (such as refinance transactions), leave blank. |
| 2.003 | Current Owner of Public Record | Always required | Free-form Repeatable |
Note: The current owner can be a person or a legal entity. |
Property Valuation Method#
Reference published guidelines by the GSEs, government agencies, or other identified secondary market participants for specific guidance.
Assignment Information: Property Valuation Method
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.004 | Property Valuation Method | Always required | Choose an allowable answer from table (Property Valuation Method) | The method of property valuation, based on appraiser's scope of work performed. - Traditional Appraisal - Hybrid Appraisal - Desktop Appraisal - Exterior Appraisal Note: Regardless of what was ordered, Property Valuation Method represents what was completed. |
Property Valuation Method (Choose one)
| Allowable Answer | Definition / Additional Guidance |
|---|---|
| Traditional Appraisal | An appraisal assignment for which the scope of work includes an interior and exterior onsite inspection of the subject property completed by the appraiser who signs the appraisal report. The Effective Date of Appraisal (26.011) is the date of inspection. |
| Hybrid Appraisal | An appraisal assignment for which the scope of work includes using a recent collection of property data in lieu of the appraiser performing an onsite inspection. The Effective Date of Appraisal (26.011) is the date the appraiser develops the opinion of value. Note: If this answer is selected, Property Data Report Used (2.005) must be Yes, and the Property Data Report subsection (2.053-2.060) displays. The collection of property data must comply with the Uniform Property Dataset (UPD), as specified in Uniform Property Dataset - Freddie Mac Single-Family and Uniform Property Dataset | Fannie Mae. |
| Desktop Appraisal | An appraisal assignment for which the scope of work includes using third party data sources, other than a recent collection of property data, in lieu of an appraiser performing an onsite inspection. The Effective Date of Appraisal (26.011) is the date the appraiser develops the opinion of value. |
| Exterior Appraisal | An appraisal assignment for which the scope of work includes an inspection of the exterior areas of the subject property from at least the street by the appraiser. The Effective Date of Appraisal (26.011) is the date of inspection. |
Property Data Report#
A property data report is the accumulation of factual information collected from the observation of a residential property that is completed specifically for mortgage purposes, whether in the form of data or a report. This is limited to property characteristics and does not include opinions of value.
Note: Tax records and MLS listings are data sources and do not constitute a property data report.
Assignment Information: Property Data Report
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.005 | Was a Property Data Report used in lieu of an inspection? | Always required | Yes | No | Property Data Report Used: Indicates whether a third-party property data report was used. - If Yes, the Property Data Report subsection (2.053-2.060) displays. - If No, the Property Data Report subsection does not display. |
Appraiser and AMC Fee#
In certain jurisdictions, the appraiser is required by law to disclose the fee charged by the appraiser and the Appraisal Management Company (AMC) if applicable. If not populated, this information does not display.
Assignment: Appraiser and / or AMC Fee
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.006 | Appraiser Fee | If required by state or client | Dollar amount | Fee paid to the appraiser. |
| 2.007 | AMC Fee | If required by state or client | Dollar amount | Fee paid to the AMC. |
Government Agency Appraisal Information#
Assignment: Government Agency Appraisal Information
| Applies To | Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|---|
| All | Not on Report | This is an appraiser input that does not display | Always required | Yes | No | Government Agency Appraisal: Indicates whether the appraisal has been prepared according to government agency requirements. |
| FHA/VA/USDA | 2.008 | Government Agency | Required if Government Agency Appraisal is Yes | FHA, USDA, or VA | Government Agency Appraisal Type: The agency that insures or guarantees the loan associated with this appraisal. Note: Valid values trigger display of FHA, VA, and / or USDA information throughout the appraisal. |
Rows marked
FHA/VA/USDAare shaded green in the PDF: they apply only to FHA, VA, or USDA appraisals.
Investor Requested Special Identification#
Assignment: Investor Requested Special Identification
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.009 | Investor Requested Special Identification | If applicable | Free-form | When requested by the investor, special identification provided with the appraisal (e.g., special pilot program, disaster, pandemic). Note: If not provided, Investor Requested Special Identification does not display. |
Contact Information#
This subsection includes information about the people and / or companies ("contacts") that are pertinent to the appraisal, including:
- Clients, including lenders, AMCs, and other parties as identified by the appraiser
- Appraiser and Supervisory Appraiser
- Person(s) providing significant real property appraisal assistance (Significant Real Property Appraisal Assistance subsection)
- Entity providing a property data report (Property Data Report subsection)
Select Role(s) for all the contacts that are identified in the Assignment Information section. When selecting Role(s) to associate with a contact, select the ones that most closely identify the role(s) the contact performed as part of the assignment.
- Select as many Roles as are applicable but at least one for each identified contact.
Assignment: Contact Information - Role
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.010 2.011 |
N/A | Always required for each contact (person) | Choose allowable answers from tables (Lender, Client, and AMC), (Appraiser and Supervisory Appraiser), (Significant Real Property Appraisal Assistance), and (Property Data Collector) | Role: The role that the person or company performed in the assignment. - Appraisal Management Company - Appraiser - Attorney - Client - Investor - Lender - Property Data Collector - Significant Real Property Appraisal Assistance - Supervisory Appraiser - Other (Describe) Select all applicable roles but at least one Role for each contact that is in the appraisal report. |
Lender, Client, and AMC#
This portion of the Contact Information subsection shows details about the lender, client, and / or AMC. Contacts display here when Role is Lender, Client or AMC.
Choose one contact as the Client in addition to any other role the client has been associated with. Note that Client, Lender, and AMC are all identified as Roles in this section.
As an example, in the most common scenario where the lender is the client, select both of those Roles when inputting the lender contact information to provide context that the lender is also the client.
Lender, Client, and AMC: Role (Choose one or more for each Contact)
| Allowable Answer | Definition / Additional Guidance |
|---|---|
| Appraisal Management Company (AMC) | Notes: - If there is an AMC for the assignment, it must be identified in addition to the lender. - Do not select this answer if there is no AMC for the assignment, i.e., do not populate with "No AMC". - In some jurisdictions, the appraiser is required to identify the AMC as the client. In those cases, choose both AMC and Client as the Role for the AMC. |
| Attorney | A person admitted to practice law in at least one jurisdiction and authorized to perform criminal and civil legal functions on behalf of clients. Note: Select this answer when an attorney has ordered the appraisal (is the client). |
| Client | The party who engages an appraiser by employment or contract in a specific assignment whether directly or through an agent. Notes: - Select one contact to be the client. - For FHA, VA and USDA appraisals, reference the appropriate government agency appraisal guidelines. Examples: - The lender is the client. - The AMC is the client for jurisdictions in which the AMC is required to be noted as the client in the report. - Another entity, such as Attorney or Investor is the client. |
| Investor | The entity that purchases or holds the loan on the property. Note: Select this answer when the investor has ordered the appraisal (is the client), such as for REO appraisals. |
| Lender | The entity that funds the mortgage loan for the property. Notes: - Always select this answer when there is a lender on the transaction. - For FHA, USDA, and VA appraisals, reference the appropriate government agency appraisal guidelines. |
| Other | Select Other to enter an answer that is not in the above list. Note: Only select this answer when the client does not match any of the available selections. The Client Role can be associated to a selection of Other. |
Company Name and Address#
Assignment Information: Contact Information - Lender, Client, and AMC - Company Name and Address
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.012 | Company Name | Always required for the Lender, Client, or AMC | Free-form | For FHA, USDA, and VA appraisals, refer to the appropriate government agency appraisal guidelines. |
| 2.013 | Company Address | Always required for the Lender, Client, or AMC | Free-form | For FHA, USDA, and VA appraisals, refer to the appropriate government agency appraisal guidelines. |
AMC Credentials#
AMC licensing information must be provided when required by the jurisdiction in which the subject property is located. If the client is not an AMC, or if not provided, this information does not display in this subsection.
Assignment Information: Contact Information - AMC Credentials
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.014 | ID | If applicable | Free-form | Credential number issued by the state, referred to by the ASC as "state registration tracking number". |
| 2.015 | State | If applicable | 2-letter USPS state code | State for the AMC credential that applies to the assignment. |
| 2.016 | Expires | If applicable | mm/dd/yyyy | Expiration date for the AMC credential. |
Appraiser and Supervisory Appraiser#
This portion of the Contact Information subsection shows details about the Appraiser and Supervisory Appraiser, if applicable. Contacts display in this subsection when Role is Appraiser or Supervisory Appraiser.
Appraiser and Supervisory Appraiser: Role
| Allowable Answer | Definition / Additional Guidance |
|---|---|
| Appraiser | The person who developed the opinion of value and signed the report. Notes: - All who sign the certification are acting in the capacity of an appraiser, regardless of their level (i.e., Appraiser Trainee, Appraiser). - Only select this answer when the person is performing the valuation service and signing the report. - Reference the Appraiser Certifications (29.020-29.053). |
| Supervisory Appraiser | The person who performed supervision of the appraisal process and signed the report. Notes: - An appraiser that signs the certification as a Supervisory Appraiser accepts full responsibility for all elements of the certification, for the assignment results, and for the contents of the appraisal report. - Reference the Supervisory Appraiser Certifications (29.054-29.062, 29.071-29.074). |
Assignment Information: Contact Information - Appraiser and Supervisory Appraiser
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.017 2.032 |
Name | Always required for the appraiser and supervisory appraiser | Free-form | The full name of the appraiser or supervisory appraiser, as it appears on the ASC National Registry. Note: At a minimum, first and last name must be provided. |
| 2.018 2.033 |
Designation | If applicable for the appraiser and supervisory appraiser | Choose one or more allowable values from the Definition / Additional Guidance column | The designation awarded by a recognized appraisal trade organization. - IFA - MAI - SRA - AAC - AFM - AM - ARA - ASA - ARICS - IFAA - IFAC - IFAS - FRICS - GAA - MRICS - RPRA - RAA - SRPA - Other (Describe) Note: Do not enter appraiser license information in Designation. License information is reported in Credentials (2.024-2.027 or 2.039-2.042). |
| 2.019 2.034 |
Company Name | Always required for the appraiser and supervisory appraiser | Free-form | The name of the company for which the appraiser or supervisory appraiser works. |
| 2.020 2.035 |
Company Address | Always required for the appraiser and supervisory appraiser | Free-form | The address of the company for which the appraiser or supervisory appraiser works. |
Scope of Inspection by Appraiser and Supervisory Appraiser#
Reference published guidelines by the GSEs, government agencies, or other identified secondary market participants for requirements regarding the level of inspection.
Assignment Information: Contact Information - Scope of Inspection for Subject Property
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.021 2.036 |
Exterior | Always required for the appraiser and supervisory appraiser | Choose an allowable answer from the Definition / Additional Guidance column | Exterior Inspection Method: The method by which the exterior inspection was conducted by the appraiser or supervisory appraiser. - Physical - Virtual - No Inspection |
| 2.022 2.037 |
Interior | Always required for the appraiser and supervisory appraiser | Choose an allowable answer from the Definition / Additional Guidance column | Interior Inspection Method: The method by which the interior inspection was conducted by the appraiser or supervisory appraiser. - Physical - Virtual - No Inspection |
| 2.023 2.038 |
Inspection Date | Always required for the appraiser and supervisory appraiser for any physical or virtual inspection that was performed. | mm/dd/yyyy | Date that the subject property inspection was completed. Note: If both Exterior Inspection Method and Interior Inspection Method are No Inspection, Inspection Date is not applicable and does not display. |
Appraiser and Supervisory Appraiser Credentials#
Credential information from the state in which the property is located must be provided for the appraiser and supervisory appraiser.
Assignment: Contact Information - Appraiser and / or Supervisory Appraiser Credentials
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.024 2.039 |
Level | Required for the appraiser and supervisory appraiser | Choose an allowable answer from the Definition / Additional Guidance column | Credential Type - None (includes noncredentialled appraiser trainees or jurisdictions that don't provide credentials to appraiser trainees) - Certified General - Certified Residential - Licensed Residential - Trainee Appraiser (appraiser trainees with an issued credential, also referred to as Registered Trainee) - Other (Describe) |
| 2.025 2.040 |
ID | Required if Credential Type is not None | Free-form | The credential as reported by the ASC. Commonly referred to as "credential number", "license number", or "certification number". Note: Do not include state in the ID field unless it is part of the credential number as reported on the ASC National Registry. |
| 2.026 2.041 |
State | Required if Credential Type is not None | 2-letter USPS state code | State credential that applies to the assignment, commonly referred to as the "credentialling state". |
| 2.027 2.042 |
Expires | Required if Credential Type is not None | mm/dd/yyyy | Expiration date of the credential. |
Other Information About Appraiser and Supervisory Appraiser#
Assignment Information: Contact Information - Other Information about Appraiser and Supervisory Appraiser
| Applies To | Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|---|
| All | 2.028 2.043 |
ASC Identifier | If applicable | Free-form | A unique identifier for the individual appraiser or supervisory appraiser as assigned by the Appraisal Subcommittee (ASC). Note: If ASC Identifier is not populated for a contact, it does not display. |
| FHA/VA/USDA | 2.029 2.044 |
VA Appraiser ID | If applicable for appraiser and supervisory appraiser on VA appraisals | Free-form | A unique identifier for the individual appraiser as assigned by the United States Department of Veterans Affairs. Only one identifier per individual. Reference the appropriate government agency appraisal guidelines for more information. |
| FHA/VA/USDA | 2.030 2.045 |
FHA Appraiser ID | If applicable for appraiser and supervisory appraiser on FHA appraisals | Free-form | A unique identifier for the individual appraiser as assigned by the United States Federal Housing Administration. Reference the appropriate government agency appraisal guidelines for more information. |
| FHA/VA/USDA | 2.031 2.046 |
Employment Type | Required for appraiser and supervisory appraiser on VA appraisals | Choose an allowable answer from table (Employment Type) | The employment category for the appraiser. - Independent Fee Appraiser - Staff Appraiser Reference the appropriate government agency appraisal guidelines for more information. |
Rows marked
FHA/VA/USDAare shaded green in the PDF: they apply only to FHA, VA, or USDA appraisals.
Assignment Information: Employment Type
| Applies To | Allowable Answer | Definition / Additional Guidance |
|---|---|---|
| FHA/VA/USDA | Independent Fee Appraiser | An independent contractor treated for purposes of Federal income taxation as an independent contractor by both the lender/client and the appraisal management company ordering the appraisal. The appraiser is issued a Form 1099 and is responsible under IRS rules accordingly. |
| FHA/VA/USDA | Staff Appraiser | An employee for purposes of Federal income taxation by either the lender/client or the appraisal management company ordering the appraisal. The appraiser is expected to be issued a Form W-2. |
Rows marked
FHA/VA/USDAare shaded green in the PDF: they apply only to FHA, VA, or USDA appraisals.
Significant Real Property Appraisal Assistance#
This subsection of Assignment Information provides details about people who provided significant real property appraisal assistance to the appraiser. A contact (person) displays in this subsection when the Significant Real Property Appraisal Assistance Role is chosen for the contact. If no one provided professional assistance, do not choose a Role of Significant Real Property Appraisal Assistance, and this subsection does not display.
Role: Significant Real Property Appraisal Assistance (Choose if applicable for the Contact)
| Allowable Answer | Definition / Additional Guidance |
|---|---|
| Significant Real Property Appraisal Assistance | A person who does not meet all scope of work and certification requirements that provided significant assistance with the development of the appraisal report, as prescribed by Uniform Standards of Professional Appraisal Practice and Advisory Opinion. Selecting this answer does not allow this contact (person) to sign the report. |
Contact Information: Significant Real Property Appraisal Assistance
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.047 | Name | Required for each person providing significant real property appraisal assistance | Free-form | The full name of the person providing significant real property appraisal assistance. Note: At a minimum, first and last name must be provided. |
| 2.049 | Level | Required for each person providing significant real property appraisal assistance | Choose an allowable answer from the Definition / Additional Guidance column | Credential Type - None (includes noncredentialled appraiser trainees or jurisdictions that don't provide credentials to appraiser trainees) - Certified General - Certified Residential - Licensed Residential - Trainee Appraiser (appraiser trainees with an issued credential, also referred to as Registered Trainee) - Other (Describe) |
| 2.050 | ID | Required if Credential Type is not None | Free-form | The credential as reported by the state or ASC, if applicable. Note: Do not include state in the ID field unless it is part of the credential number as reported on the ASC National Registry. |
| 2.051 | State | Required if Credential Type is not None | 2-letter USPS state code | State credential that applies to the assignment, commonly referred to as the "credentialling state". |
| 2.052 | Expires | Required if Credential Type is not None | mm/dd/yyyy | Expiration date of the credential. |
| 2.048 | Description | Required for each person providing significant real property appraisal assistance | Free-form | Explains the details and extent of the assistance provided. |
Property Data Report#
This subsection provides details about the property data report, which is the accumulation of factual information collected from the observation of a residential property that is completed specifically for mortgage purposes, whether in the form of data or a report. This is limited to property characteristics and does not include opinions of value.
Note: Tax records and MLS listings are data sources and do not constitute a property data report.
A contact (person) displays in this section when the Property Data Collector Role is chosen for the contact. If there is no property data report associated with the appraisal (Property Data Report Used (2.005) is No), do not choose a Role of Property Data Collector, and this subsection does not display.
Reference published guidelines by the GSEs, government agencies, or other identified secondary market participants for requirements regarding the level of inspection.
Role: Property Data Collector (Choose if applicable for each Contact)
| Allowable Answer | Definition / Additional Guidance |
|---|---|
| Property Data Collector | The person observing and collecting relevant property characteristics used in preparation of a property data report. |
Assignment Information: Contact Information - Property Data Report
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.053 | Name | If available when Property Data Report Used is Yes | Free-form | The name of the person who completed the property data report. Note: If Name is not provided, it does not display. |
| 2.054 | Occupation | Required if Property Data Report Used is Yes | Select an allowable answer from the Definition / Additional Guidance column | The occupation of the person who completed the property data report. - Appraiser - Appraiser Trainee - Home Inspector - Insurance Inspector - Real Estate Agent - Other (Describe) Note: - Select Appraiser (or Appraiser Trainee) if an appraiser (or trainee) completed the property data report but is not acting as the appraiser on this appraisal. - If property data collection is the primary occupation of the person completing the report and no other answers apply, select Other and type in "Property Data Collector". |
| 2.055 | Company Name | Required if Property Data Report Used is Yes | Free-form | The name of the company that provided the property data report. |
| 2.056 | Company Address | Required if Property Data Report Used is Yes | Free-form | The address of the company that provided the property data report. |
| 2.057 | Reference ID | If available when Property Data Report Used is Yes | Free-form | An identifier or number issued to identify the property data report. Note: If Reference ID is not provided, it does not display. |
| 2.058 | Subject Property Inspection Exterior | Required if Property Data Report Used is Yes | Choose an allowable answer from the Definition / Additional Guidance column | Exterior Inspection Method: The method by which the exterior inspection was conducted for the property data report. - Physical - Virtual - No Inspection |
| 2.059 | Subject Property Inspection Interior |
Required if Property Data Report Used is Yes | Choose an allowable answer from the Definition / Additional Guidance column | Interior Inspection Method: The method by which the interior inspection was conducted for the property data report. - Physical - Virtual - No Inspection |
| 2.060 | Subject Property Inspection Inspection Date |
Required if Property Data Report Used is Yes | mm/dd/yyyy | Date the subject property was inspected for the property data report. |
Assignment Information and Scope of Work Commentary#
Assignment Information and Scope of Work Commentary
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| 2.061 | Assignment Information and Scope of Work Commentary | If applicable | Free-form | Commentary could include information pertinent to Assignment information and Scope of Work that is not captured in the discrete data, or additional details to support the discrete data that is provided. Note: If only an exterior inspection was performed, describe the extent of the inspection, (e.g., "from the street", "walked the property"). |
Assignment Information Exhibits#
All photos or images related to the Assignment Information section are displayed in the Assignment Information Exhibits subsection. If there are no photos or images, this subsection does not display.
Assignment Information Exhibits
| Report Field ID | Report Label | When to Include | Allowable Answers / Format | Definition / Additional Guidance |
|---|---|---|---|---|
| See iGuide | Assignment Information Exhibits | If applicable | Photos or images | Photos or images relevant to the Assignment Information section may be provided, which display in Assignment Information Exhibits. A caption may be provided to further describe the photo or image. |