J Grant
Elite Member
- Joined
- Dec 9, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Florida
FANNIE MAE Published September 3, 2025
In addition to the limited waiver of underwriting representations and warranties available for certain DU loans, when a loan casefile is eligible for value acceptance, value acceptance + property data, or rural high-needsvalue acceptance, and is exercised by the lender, Fannie Mae accepts the value estimate submitted by the lender as the value for the subject property. The estimated property value the lender enters in DU must be based on the lender’s or borrower's estimate of value for a refinance transaction, or the same amount as the Sales Contract Price for a purchase transaction.For all value acceptance offers that are exercised, the lender remains responsible for the accuracy andcompleteness of all data that pertains to the property and project (if applicable) that is submitted to DU (otherthan the property value) and must warrant that the property is adequately insured.
Fannie Mae does not warrant that the estimated value provided by the lender is the actual value of the subject property. The lender may not make any statements to any third party (including the borrower) that Fannie Maeperformed any kind of appraisal or valuation of the property.
In addition to the limited waiver of underwriting representations and warranties available for certain DU loans, when a loan casefile is eligible for value acceptance, value acceptance + property data, or rural high-needsvalue acceptance, and is exercised by the lender, Fannie Mae accepts the value estimate submitted by the lender as the value for the subject property. The estimated property value the lender enters in DU must be based on the lender’s or borrower's estimate of value for a refinance transaction, or the same amount as the Sales Contract Price for a purchase transaction.For all value acceptance offers that are exercised, the lender remains responsible for the accuracy andcompleteness of all data that pertains to the property and project (if applicable) that is submitted to DU (otherthan the property value) and must warrant that the property is adequately insured.
Fannie Mae does not warrant that the estimated value provided by the lender is the actual value of the subject property. The lender may not make any statements to any third party (including the borrower) that Fannie Maeperformed any kind of appraisal or valuation of the property.
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