As real estate lenders begin to embrace desktop appraisal technology as a new industry standard for a wider variety of loans, many lenders have questions. In this blog, we answer the ten most common questions we receive about desktop appraisals and outline how you can leverage desktop appraisal technology to process a higher volume...
Read more
Can appraisals shield lenders from buybacks?
November 15, 2016
They can if the appraisal conforms to criteria recently outlined by Fannie Mae. Beginning December 10, 2016, lenders using Fannie Mae’s Collateral Underwriter® (CU™) tool will receive representation and warranty relief for the appraised value on properties with qualifying scores of 2.5 or...
Read moreWhat do Fannie Mae CU changes mean for you?
January 20, 2015
As of January 26, 2015, Fannie Mae is making its Collateral Underwriter tool (Fannie Mae CU) available to lenders and appraisal management companies, enabling them to take full advantage of this application for quality control and risk purposes. This action moves appraisal risk, data integrity, and overall appraisal quality from the back end of the...
Read more