Fannie Mae recently announced that effective immediately, it will no longer require Form 1004MC (known as the Market Conditions Addendum) as part of appraisal reports. The GSE’s Selling Guide has been updated to reflect this change.
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Fannie Mae recently announced that effective immediately, it will no longer require Form 1004MC (known as the Market Conditions Addendum) as part of appraisal reports. The GSE’s Selling Guide has been updated to reflect this change.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, Appraisers, Fannie Mae, GSE, Appraisal Process Management, Compliance, appraisal forms, collateral management
Fannie Mae and Freddie Mac recently announced that they have launched an initiative to update the Uniform Appraisal Dataset (UAD) and uniform appraisal reporting forms to provide greater clarity for industry participants, simplify appraisal reporting and reviewing, and to build a foundation for appraisal modernization.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, Fannie Mae, Freddie MAC, GSE, UAD, Appraisal Process Management, appraisal forms, Uniform Appraisal Dataset, appraisal technology
Appraisal-related forms and reports are an essential component of the valuation process that can be used to monitor turn-times, improve performance, and assist with reviews – among many other things.
Read MoreTopics: Lenders, AMCs, Mortgage Companies, Credit Union, collateral management, appraisal software, appraisal forms, Appraisal Process Management, eTrac Enterprise Solutions, Global DMS, Vendor Management
Appraisal-related forms and reports are essential to the valuation process, yet most management platforms only provide a handful of what lenders and AMCs actually need.
Read MoreTopics: AMCs, Lenders, Mortgage Companies, Credit Union, Appraisal Process Management, appraisal forms, appraisal software, collateral management, eTrac Enterprise Solutions, Global DMS
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