Appraisal Management COVID-19 News

Global DMS is committed to bringing you the latest news as we hear it. 

• • April 21st - Fannie Mae updated Lender Letter LL-2020-04 extending the effective date of this Lender Letter to May 31, 2021. After May 31st, with the exception of the HomeStyle Renovation seasoning policy, this Lender Letter will no longer apply and lenders should follow all standard Selling Guide policies.
    
    
• • March 11th - Fannie Mae updated Lender Letter LL-2020-04 -extending the application dates eligible for certain temporary flexibilities to Apr. 30, 2021. Note the temporary policies related to condominium project reviews and borrower-provided photos for completion draws for HomeStyle^® Renovation loans will not be extended beyond Apr. 30, 2021.
    

• • Feb 10th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates eligible for these temporary flexibilities to Feb. 28, 2020, unless otherwise noted.
    

• • January 14th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates eligible for these temporary flexibilities to Feb. 28, 2020, unless otherwise noted.

• • HUD Re-verification of Employment and Exterior-Only and Desktop-Only Appraisal Scope of Work Options for FHA Single Family Programs Impacted By COVID-19 

• Department of Veterans Affairs Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions and Certifications for Desktop Appraisals

• Click Here for information on Global DMS's COVID-19 Continuity