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.
In this interactive 90-minute webinar we will review our requirements and guidelines in determining the acceptability of the appraisal report. This training will focus on reviewing our requirements for appraisals outlined in Guide Chapter 44 emphasizing the selection of qualified appraisers, 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.
If your role and responsibilities are in mortgage loan origination or quality control, you will benefit from this training.
Prerequisites:
This session is for employees of approved Freddie Mac Servicers only
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
To gain a better understanding of how to underwrite the Uniform Residential Appraisal Report (Form 70) in order to determine if the report is acceptable and the property is eligible for sale to Freddie Mac.
To obtain reminders and best practices you can utilize when reviewing the appraisal report.
To learn how to utilize Loan Prospector's Minimum Assessment Feedback messages in assisting with underwriting the appraisal report.
Collateral Assessment Review Webinar