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Fannie Mae now reconsiders AI Ready

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Oh No Not Him

Member
Joined
Jun 21, 2006
Professional Status
Certified Residential Appraiser
State
Maine
Got an email today that I didnt need to send them AI reday after all since theyve had problems with all the different types of software sending the AI Ready differently.
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Some podunk AMC sent me an email this week wanting me to update their site
about AI Ready. I replied...."Not going to go to AI ready, PDF works fine."
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
AppraisersForum.com making a difference again!

(Yes, I will give some credit here and to Mr. Fincham's Appraisal Scoop article.)

:fencing: woohoo :new_snipersmilie:

:clapping:
 

Rufus

Junior Member
Joined
Apr 3, 2008
Professional Status
Licensed Appraiser
State
Indiana
Secure PDF and/or Hard copy printout should be the only legal way to provide an appraisal report. IMNSHO. Include this rule in USPAP, FNMA guidelines, HUD/FHA docs and any other set of guidelines.

I do not want my appraisal discombobulated and then partly re-combobulated in some other format. What I review and send should be exactly what is received.

(And for the record, I am unanimous in this.)
 

Tudor

Member
Joined
Aug 15, 2006
Professional Status
Certified Residential Appraiser
State
Arizona
Music to my ears.
 

Financially Feasible

Senior Member
Joined
Jun 25, 2007
Professional Status
Certified General Appraiser
State
Pennsylvania
Does the e-mail state that their allowing appraisers to send reports in secure .pdf or is it just stating that "they're having problems and are reconsidering"? :unsure:
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Re-read your memo. It simply states that if you send reports to the NUC (that means reviews and retrospective appraisals), you can send in pdf since AIready does not have enough meat to handle all that they ask to include in the reports (MLS listing pages, multiple picture pages, etc.)

If you bothered to read the second paragraph you would have noted that NPD assignments (REO appraisals) are still required to be in AIready format.

Reading comprehension is an important part of being an appraiser. Spreading misinformation is not a good thing for this forum.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
I already deleted the e-mail, so I can not post the instructions here. However, my last post spells out exactly what the Fannie Mae e-mail sent to me stated.
 
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