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Feb 4th GSE requirements

Two reports sent with fancy Synapse sales market adjustments results image and TrueTracts timetrend graph. Both passed Wells Fargo and US Bank QC.
The real test will be when Comp 1 is time adjusted -2%, Comp 2 adjusted +3%, Comp 3 adjusted 0%. Will that pass QC?
 
If you need practice defending every character in you report, just send one to Wells Fargo with an opinion of value less than their expectation. You may prevail, but you will come out of the experience with a canned response to every possible issue over which an appraisal can possible be questioned.
 


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[td]To increase appraiser efficiency and capacity, we’re expanding our hybrid appraisal policy option. Hybrid appraisals utilize a third-party property data collection that is provided to the appraiser for the completion of an appraisal using appraisal Form 1004 Hybrid or Form 1073 Hybrid.

Hybrid appraisal property eligibility will align with traditional appraisals except for the following exclusions:

  • 2-4 unit, co-op, and manufactured home properties;
  • Construction to Perm, HomeStyle® Renovation and HomeStyle® Energy Loans; and
  • Proposed construction.
  • This expansion aims to reduce loan origination cycle time for borrowers.
Effective: This change is effective March 22, 2025.

View the Selling Guide for details


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Make sure you do it fast and cheap. The GSE/AMC/Lender Frankenstein monsters they have created are getting ridiculous.

View attachment 96458

View attachment 96459
I bet someone did it for $325.
 
A stand alone solution to consider:


 
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