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Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.

Appraisal 397
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How To Appraise Rural Properties

Appraisal Today

This is an excellent diversification opportunity, with little competition from other appraisers or the GSEs use of other ways to get a value without human appraisers. You can expand your area to include rural appraisals to get more business. What if there are few rural areas near you? There may be seminars available.

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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. There are very few direct lender appraisals now.

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Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

Growing and investing in relationships and communities in the long term is one of the many opportunities presented by stricter fair lending regulations. For cases with a previous appraisal submission to the legacy EAD, the FHA is allowing for appraisal resubmission to be delivered through the legacy EAD portal until April 15, 2022.

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Let’s walk through tips and pointers to help guide you through the do’s and don’ts of communicating with an appraiser, along with tips on how to support your argument when appealing an appraisal. Communicating with the Appraiser: Do’s and Don’ts. The Truth in Lending Act (TILA) contains rules addressing appraiser independence.

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Let’s walk through tips and pointers to help guide you through the do’s and don’ts of communicating with an appraiser, along with tips on how to support your argument when appealing an appraisal. Communicating with the Appraiser: Do’s and Don’ts. The Truth in Lending Act (TILA) contains rules addressing appraiser independence.