- Mar 2, 2003
- Professional Status
- Certified Residential Appraiser
It means that the order for the appraisal has to come from the funding lender. All that means is that your mortgage broker submits his loan package to the funding lender suggesting that xyz appraiser be assigned to appraise this property for this loan.CNBC just broke that Fannie and Freddie will no longer accept appraisals from Mortgage Brokers. What does that mean for us? I hope its good news.
Fannie Mae and Freddie Mac agreed they will no longer purchase loans from mortgage originators who use their own in- house appraisers