Tag: Desktop Appraisal

FHA COVID 19 -Re-verification of Employment and Exterior-Only and Desktop-Only Appraisals

On Friday March 27th, FHA released temporary guidance to assist lenders during the Covid19 pandemic. This mortgagee letter specifically addresses re-verification of employment, and exterior or desktop appraisals. Our FHA expert reviewed the letter for our subscribers and put together this synopsis. Written by:  Tracey Rumsey, Staff Writer FHA Re-verification of Employment and Exterior-Only and […]

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VA Covid19 Guidance – Important Update for Underwriting and Appraisals

Written by:  Tracey Rumsey, Staff Writer VA Issued Circulars 26-20-10 and 26-20-11 regarding guideline flexbilities during Covid19. Circulars are linked below and can also be found under our Agency & Bulletins Page in the Category of VA. Our VA Expert has reviewed the Circulars and is issuing a bullet point summary for each of them […]

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Fannie Mae Appraiser Update 9-2019 – Appraisal forms, Desktop Appraisals, Inaccessible Areas, USPAP Disclosures, Property Inspections

Written by: Lloyd Rutherford, Staff Writer Any originator or underwriter who has experienced loan fallouts or delays due to an appraisal will appreciate this update. Rule Synopsis: Fannie Mae publishes a quarterly Appraiser Update in a newsletter format which contains some very useful information. We will cover some of these topics: Forms for appraisers that […]

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Fannie Mae Appraiser Update – Dated March 2019

Written By: Lloyd Rutherford, Staff Writer Evaluating the collateral on a property is a major part of the mortgage approval process.  Fannie Mae is putting out great information on this topic to help educate you further. Rule Synopsis: Fannie Mae publishes a quarterly Appraiser Update in a newsletter format that contains some very useful information. […]

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