Live Webinar: Mortgage Lending Appraisal Requirements: Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac issue guidelines and requirements for appraisers and appraisals. There are subtle yet critical differences between Fannie Mae and Freddie Mac's appraisal requirements.

This course explains the appraisal requirements and guidelines of both and highlights the fundamental differences between Fannie Mae and Freddie Mac’s appraisal requirements. NOTE:  This is NOT a comprehensive list of all differences, but includes the more significant differences between the agencies.

 It is critical for appraisers who complete appraisals for lending purposes to be familiar with these appraisal requirements since even lenders who don’t sell loans to Fannie Mae or Freddie Mac often ask an appraiser to prepare an appraisal to meet Fannie or Freddie’s guidelines and requirements.

 We’ve included discussion questions which will address some of the more commonly misunderstood notions of the GSE appraisal requirements.

 We’ll also go through a high-level overview of the lender’s responsibilities and requirements for determining the acceptability of the appraisal report and the eligibility of the property.

 This course will be periodically updated as the GSEs release new announcements including, but not limited to: revised UAD definitions or formatting, revised appraisal forms, and general appraisal requirements.

Finally (and most importantly), this course is not intended to be a substitute for a thorough reading of the Fannie Mae Selling Guide or the Freddie Mac Seller/Servicer Guide. We can only cover so much in the limited amount of time available.

The scheduled class time includes a 1-hour lunch break