September 2023
Fannie Mae on Aug. 2 released updated appraiser independence requirements, known as AIR, and also established new property data independence requirements, known as PDCIR. AIR safeguards the independence, objectivity and impartiality of appraisers throughout the valuation process for 1- to 4-unit residential properties. PDCIR safeguards the independence, objectivity and impartiality of property data collectors throughout the property data collection process.