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Fannie Mae

{HOT TOPIC} Common questions about your home appraisal

By | Appraisals, Borrowers, Fannie Mae, Lenders, Valuation | No Comments

Did you know your home’s gross living area does not include your garage or any space below grade, like a basement? As a national appraisal management company, one of the most common questions we get from borrowers and even lenders revolves around how living area is calculated. We get asked about heated vs. non-heated spaces, finished and unfinished basements and even porch and patio areas. So does the appraiser actually…

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Appraisal Services Address Collateral Underwriter

By | Fannie Mae | No Comments

Appraisal Services Address Collateral UnderwriterRecent appraisal service provider activity Feb. 27, 2015 By AIMEE L. BROWN Mortgage Daily Compliance with Collateral Underwriter is among several valuation solutions recently addressed through technology upgrades and company-to-company data integrations.On Jan. 14, a la mode inc.-subsidiary Mercury Network announced its Appraisal Quality Management System would integrate with Platinum Data Solutions’ appraisal quality tool, RealView. Through this integration, Mercury Network says its customers can access RealView from their main appraisal…

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Fannie Mae’s Selling Guide Updates

By | Fannie Mae | No Comments

Selling Guide Announcement SEL-2015-02 Selling Guide Updates February 24, 2015 The Selling Guide has been updated to include changes to the following: Clarifications of Project Standards Policies Reorganization of Co-op Topics Updated Effective Dates for Pricing and Credit Score Delivery in Announcement SEL-2014-13 Lender Breach of Contract Miscellaneous Selling Guide Updates Each of the updates is described below. The affected topics (and specific paragraphs) are noted for each policy change….

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An Interview with Cari Burris and her outlook on 2015

By | Fannie Mae | No Comments

We recently sat down with Cari Burris, Co-­‐Founder & Director of Operations at Nationwide Appraisal Network, (NAN), to discuss the current state of the Appraisal industry. During the interview we address questions that many need answers to, such as the way appraisal management companies and lenders will need to change in order to effectively manage the quality of data through the development of Collateral Underwriter™ and how these changes will…

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Fannie Mae: Collateral Underwriter not disrupting appraisals

By | Fannie Mae | No Comments

Fannie Mae: Collateral Underwriter is not “disruptive” to appraisals | 2015-01-27 | HousingWire | Brena Swanson It’s here. Lenders are eager to start using Fannie Mae’s Collateral Underwriter, while appraisers raise concerns over the negative impact it could cause their businesses. Nonetheless, the system’s creator said no harm was intended with today’s release of CU. “From an appraiser perspective, one of the lender’s responsibilities has always been to review the…

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FNMA Selling Guide update on Rental Income

By | Fannie Mae | No Comments

Selling Guide Announcement SEL-2014-12  Selling Guide Updates This Announcement describes updates to the following: Automated Asset Verification Rental Income Treatment Employment-Related Assets Texas 50(a)(6) Title Insurance Affordable Lending for Native American and Rural Housing List of Approved Mortgage Insurance Forms Miscellaneous Selling Guide Updates

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