To help make prudent underwriting decisions, mortgage lenders rely on appraisers to provide thorough, accurate, and objective appraisal reports for reliable opinions of market value.
The appraisal is used to judge the property’s acceptability for the mortgage loan requested in view of its value and marketability.
In the September 2020 edition, we focus on the new 1004 Desktop and the 1004 Hybrid, as well as clarification on appraising homes with solar panels and energy-efficient improvements. We also share some data on appraisal assignment volume and appraiser workload, reflecting the incredibly busy year appraisers have had.
Appraising Manufactured Homes
Visit fanniemae.com/mhappraiser to find appraiser education, requirements, and other resources.
Appraising Properties with Solar Panels
The Solar Panels Overview on the Help & Training page explains requirements for properties with solar panels.
New Forms 1004 Hybrid and 1004 Desktop
Visit the Help & Training page to learn about and see examples from the new 1004 Hybrid and 1004 Desktop.
AQM FAQ updates
Read the revised Appraiser Quality Monitoring (AQM) FAQs, which emphasize the learning opportunities the AQM letters present.
The UAD is a component of the Uniform Mortgage Data Program® (UMDP®), jointly established by Fannie Mae and Freddie Mac under the direction of the Federal Housing Finance Agency to provide common requirements for appraisal and loan delivery data.