On Wednesday, June 24, 2020, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q2 2020 Appraisal Update.” In this special interactive webinar, knowledgeable presenters from Fannie Mae’s Collateral Policy Team will share the latest policy updates impacting appraisers, share…
We recently asked our appraisal community, “What’s the ONE thing that is most often overlooked by appraisers?” We received a wide variety of answers ranging from big-picture oversights to specific details. The most common answer we received was “Highest and Best Use.” However, many…
On May 5, 2020, Fannie Mae announced that the temporary appraisal flexibilities that were outlined in Lender Letter 2020-04 (LL-2020-04) have been extended until June 30, 2020. The revised Lender Letter can be found here. Freddie Mac made a similar announcement, also extending their…
On Wednesday, April 29, 2020, McKissock Learning hosted a free webinar titled “Appraising in a Pandemic,” in which a panel of experts to discussed the challenges real estate appraisers are facing, the creative technology solutions available to them, and recommended actions that appraisers can…
This is a reprint from the Appraisal Buzz Blog and can be found here. As a part of your expertise in a niche business like the appraisal industry, there are many things you probably don’t need help with. Things like setting fees, choosing comps, pulling…
As the COVID-19 situation continues to unfold, users of appraisal services are continuing to issue updated guidance and information to appraisers. Fannie Mae issued an update to Lender Letter 2020-05 on March 31, 2020. For appraisers, probably the most significant revision to their guidance…
Within the last several days, HUD/FHA and VA have both issued updated guidance for appraisers regarding appraisal scope of work and COVID-19. HUD issued Mortgagee Letter 2020-05 on March 27, 2020. On a temporary basis, appraisers are permitted to perform desktop or exterior-only inspection…
In response to the COVID-19 crisis, Fannie Mae has posted Lender Letter 2020-04 (LL-2020-04), which permits temporary revisions to GSE appraisal requirements in this time of national emergency. This Lender Letter can be found here. Fannie Mae and Freddie Mac have been working together…
On March 16th, 2020, the Department of Veterans Affairs (VA) issued Circular 26-20-7 which includes guidance for appraisers regarding COVID-19. Many government entities have advised that all non-essential businesses should close at this time, in order to avoid spreading the virus. Large numbers of…
This is a reprint from the Appraisal Buzz Blog and can be found here. Social media, whether we approve of it or not, is beginning to evolve the marketing game. From giant corporate restaurants to your local mechanic, there is almost always a Facebook page…
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