TJ McCarthy & Associates

Fannie Mae Sellers Appraisal Risk Management Policy Reminders and Resources.

01/12/21

This Lender Letter is full of great information for appraisers and lenders to help them better understand how Fannie’s Collateral Underwriter (CU) program functions when reviewing and scoring our appraisals. CU scores our appraisal with a 1 to 5 rating with 1 being the least risky.  A file rating higher than 2.5 triggers several issues for a lender.  Here is just a sampling of what this Lender Letter covers. The five most common appraisal significant defects with a CU risk score of 2.6 or higher are: Inappropriate Comparable Sale(s) Selection Due to Location Inappropriate Comparable Sale Adjustment(s) Use of Physically Dissimilar Comparable Sale(s) –...More

Fannie Mae Appraiser Update December 2020

12/15/20

GSE's Extend COVID Alternative Appraisal Report Deadline

10/21/20

Recent Negligent Misrepresentation Case in Illinois Should be a Warning to Appraisers

10/21/20