Start Ordering Desktop Appraisals NOW

Here's How It Works

1. Lender receives approval for desktop appraisal

2. Lender orders desktop appraisal from NAN

3. NAN orders Property Data Report and assigns order to Appraiser

4. NAN receives Property Data Report and shares with assigned Appraiser

5. Appraiser conducts analysis and develops opinion of value

6. Appraiser delivers final report to NAN for full QC

7. NAN delivers completed desktop appraisal to lender


Appraisers must use Fannie Mae Form 1004 (Desktop) to complete desktop appraisals. Note that this is a different form from the traditional forms used (with a modified set of instructions, scope of work, statement of assumptions and limiting conditions, and certification) for appraisals using the COVID-19 Temporary Flexibilities, which have since expired.

See the URAR Hybrid and Desktop Appraisal Forms — Overview for a line-by-line comparison of the differences between Forms 1004 and 1004 (Desktop).

Yes, provided the appraiser verifies the information through a disinterested source, such as aerial maps, assessor data, or virtual inspection technologies.

A floor plan shows interior walls to help assess the functional utility of the home; a sketch typically displays only exterior dimensions.

Third-party software is available to create a floor plan using existing mobile device technology.

Yes, if it is accurate and representative of the current state of the property.

Photos can be verified using MLS listings or with a live, virtual walkthrough with the homeowner. Photos that are taken during a live walkthrough with the homeowner are considered appraiser observation during a live event and do not require further verification.

If the appraiser does not have information to create a credible report, they should take the necessary steps to verify or obtain the information necessary for a credible report.

Desktop Underwriter® (DU®) will indicate when a loan casefile is eligible for a desktop appraisal. Ordering a desktop appraisal is optional; lenders can always opt to order a traditional appraisal if the borrower wants one or for other reasons.

Why Desktop Appraisals?

Supports Digital Transformation

Increases Appraisal Process Flexibility & Speed

Reduces Potential
for Appraiser Bias

Alleviates Appraiser Capacity Issues

Improves Disaster Response Time