Appraisal Review Responsibilities for Mortgage Lenders - It Starts with You.

It is essential these days for mortgage lenders & their underwriting staff to be fully cognizant of the expectations that HUD and the GSEs have with respect to their reviews of the appraisal reports being generated as part of the loan origination process.

  • "Lenders must accept responsibility equally with the appraiser for the integrity, accuracy and thoroughness of the appraisal," according to HUD.
  • Fannie Mae and Freddie Mac can request repurchases if they determine that their appraisal guidelines were not met on loans that they purchased.

This white paper, authored by Gerry Glavey, LoanLogics SVP / Chief Credit Officer, will identify common appraisal discrepancies and discuss:

  • HUD's recent revision of its indemnification policy and the standards included relating to appraisals.
  • Additional FHA appraisal guidelines to evaluate.
  • Resources and recommendations to augment the review of appraisal reports.

Learn more about your appraisal review responsibilities and be better prepared to support HUD and the GSE's appraisal policies and procedures.

Complete the registration form and get immediate access to this complimentary white paper!

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