In today's mortgage market, the success of your organization requires that you be grounded in the foundation of strong and thoughtful underwriting. Given challenges current market conditions pose in connection with determining accurate property values, it is especially critical that appraisals support the value of the property.
Geared toward those who are new to reviewing the appraisal, this interactive 2-hour webinar will include reviewing requirements and guidelines of the appraisal report. The webinar will focus on our Seller/Servicer requirements for appraisals outlined in the Guide, ensuring credible appraisals, the selection of comparable sales, and best practices for monitoring appraisal quality. We will also highlight tips to assist Seller/Servicers with underwriting and determining that the appraisal report is acceptable and the property is eligible for sale to Freddie Mac.
This session is for Freddie Mac-approved Seller/Servicers ONLY, and not for the general public
Familiarity with the Field-Specific Standardization Requirements document that provides a list of standardized definitions and responses for a key subset of fields on the four UAD appraisal report forms
Course materials will be e-mailed to attendees prior to the start of the session
Gain a better understanding of how to review and underwrite the Uniform Residential Appraisal Report (Form 70) to determine if the report is acceptable and property is eligible for sale to Freddie Mac
Obtain reminders and best practices you can utilize when reviewing the appraisal report