Lenders face harsh scrutiny from federal regulators in the wake of high foreclosure rates. Appraisers face increased scrutiny because of the secondary mortgage market pressure on lenders. Why? Because when foreclosures occur, loan purchasers in the secondary market often challenge the lender who made the loan to obtain a buyback with the quality of the appraisal as the main driver of the buyback.
Don’t take any chances with your appraisals! This seminar will enhance your ability to write as well as review reports that conform to the Fannie Mae Appraisal Guidelines for 1-4 family residential properties.