Desktop appraisal option to start in March
Housing Wire
JANUARY 19, 2022
To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. Lenders leapt at the opportunity to conduct appraisals remotely, especially in the northeastern part of the country.
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