FANNIE bonds with AMCs, over your dead low paid body.

[alebrewer]

I don't know, but it seems to me that if the GSEs wanted to tell appraisers what to think they'd do that by giving the appraisers access to that data; not withhold it from them to see what they came up with on their own.

That is exactly why they don't allow appraisers access - at least that's the reason that's proffered by them. They don't want appraisers 'appraising to the model' so to speak.

 

[Zoe]

I don't know, but it seems to me that if the GSEs wanted to tell appraisers what to think they'd do that by giving the appraisers access to that data; not withhold it from them to see what they came up with on their own.

Originally before commingling of fees got passed, Appraisers were supposed to get paid for data including intellectual property data.

Are you losing a little memory with me because I am getting old?

 

[J Grant]

Lenders have had access to CU all along.?

Is the change that AMC's will have the same access to CU that lenders have had ? Or that AMC's will going foraward have direct control of using CU? (without the GSE layer of access)

 

[Zoe]

I can promise to you that @DWiley knows. Commingling of fees may take us down as a nation on commingling fees on truth in lending disclosures.

Danny is very experienced single family residential appraiser.

I won't swear how many foreign investors own single family in USA.

If you own real property rights?

Think about it. I own your real property rights now.

Think about appraisal 101.

Beneath all is the land.

 

[djd09]

Class Valuation among early AMCs to receive Collateral Underwriter access​

TROY, Mich., Feb. 26, 2026 (SEND2PRESS NEWSWIRE) — Class Valuation, a leading real estate appraisal management company (AMC), announced that it is one of the first AMCs to receive access to Collateral Underwriter® (CU®), Fannie Mae’s proprietary appraisal risk assessment tool, marking a significant milestone for appraisal review and risk management.

CU is used by lenders to assess appraisal quality and identify potential valuation risks earlier in the mortgage process. Now, lenders and AMCs can work from a common set of insights, reducing misalignment and unnecessary back-and-forth during appraisal review. This shared framework will lead to fewer surprise revisions and clearer expectations from the outset, creating a smoother, faster experience throughout the entire collateral review process. Earlier insight also supports a more streamlined appraisal review process, with fewer delays tied to appraisal revisions, ultimately reducing time and cost for both lenders and their teams.


Class Valuation expects to integrate CU insights into its overall appraisal review processes in a thoughtful, structured way. The company is reviewing best practices and plans to work closely with key lender clients to ensure alignment on how CU-driven findings are applied within appraisal review expectations, while maintaining strong appraisal quality standards. This shared access creates a new level of continuity between Class Valuation and Fannie Mae, ensuring that appraisal review decisions are informed by the same data and insights, and removing the friction that has historically slowed the process for lenders, appraisers and AMCs alike.

“Access to CU enables us to surface potential appraisal risks earlier, reduce revision cycles and work alongside lenders to drive a more consistent, efficient review process,” said John Fraas, CEO of Class Valuation. “This marks an important advancement for our clients and the industry, reinforcing alignment between Class Valuation and Fannie Mae.”

Class Valuation will continue to engage clients as implementation progresses and will provide additional guidance as best practices are finalized.

https://www.djournal.com/news/natio...cle_cdfe2bb6-cb97-560c-87bb-6f79da09e2a5.html

you know...15th st is a party

 

[alebrewer]

Is the change that AMC's will have the same access to CU that lenders have had ? Or that AMC's will going foraward have direct control of using CU? (without the GSE layer of access)

Not sure I understand the question, but yes - the change is that AMC's now have access to CU.

 

[Carnivore]

Could it have anything to do with appraiser selection by the AMC? The AMC big metric is fast and cheap But they do know that some assignments are tough. That's the only reason I see this being done. but the A UW is the person who approves the loan. and it slows up the process if the UW sees a problem

Here is what I know. This is always about risk analysis and keeping the work flow moving. Seems strange' I am just speculating

 

[alebrewer]

My guess as to why they've opened to AMC's is to allow AMC's to mitigate some of the CU/LCA warnings prior to delivery to the lender/client.

 

[djd09]

aren't AMC's just appraisal firms...

 

[TerryRohrer]

The same access is being granted to software developers to allow screening by appraisers before the appraisal is delivered to an AMC or lender.