Fannie Mae

Fannie Mae Gets Proactive with Appraisal Industry

Fannie Mae is engaging appraisers with their new Appraiser Update Newsletter which “is intended to promote more proactive communication with the appraisal industry and ensure alignment between appraisers, appraisal management companies, lenders and Fannie Mae.” In this first edition you will find information regarding hot topics such as Day 1 Certainty, Collateral Underwriter stats and Selling Guide updates. There are [...]

Contract Amendment: Fannie Mae Offers Appraiser Relief in Time and Money

Approximately 20% of appraisal amendment requests on purchase transactions are related to contract changes. Fannie Mae has recognized this can be a drain on appraisers and a drag on the delivery of appraisals to lenders. This update is a real solution that can save appraisers and lenders time – and money. The Fannie Mae Selling Guide Announcement (SEL-2016-09) states that [...]

Care About Appraisal Turn-Time? Fannie Mae Just Gave You a Big Gift!

Fannie Mae Clarification on Appraisal Contract Amendments Can Save You 48 Hours on Appraisal Turn-Times. Lenders no longer need to send amendments affecting the sale price, transaction terms, financing concessions, closing costs, closing date or other clerical issues to appraisers for Fannie Mae loans. In the latest Selling Guide, Fannie Mae clarified that lenders only have to provide appraisers [...]

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