Fannie Appraiser Update December 2019
- Multiple parcels
- Significant appraisal defects
- How are you modernizing?
- How appraisal waivers fit with our risk mindset
To read more, click here
To go to Fannie’s Appraiser Page, click here
Lots of info, including their updates. I use it a lot. Read this month’s newsletter and the old newsletters.
My comment: Some useful info in the Update. Of course, appraisers are worried about appraisal waivers. Fannie has a short explanation about the risk and when they are used. I have known for decades that some properties were low risk and appraisals were not really “necessary”. Especially with a low LTV, good credit, etc. CU has so much data now it is much easier to make a determination. Bifurcated are coming. Fannie decided to postpone them without an appraisal, but I am sure this is the future.