First encounter with Desktop Underwriter......you want me to what?

[Cob]

Fannie Mae does not instruct or suggest to lenders that they ask the appraiser to address all or any of the 20 comparables that are provided by CU for most appraisals. It is also not Fannie Mae’s expectation that appraisals should contain only CU’s top-ranked comparable sales. In the majority of cases, there may be no material difference between comparable sales utilized by the appraiser and those identified by CU.Before asking the appraiser to consider any alternative sales, it is imperative that the lender analyze the relevance of the sale and determine if the use of such sale would result in any material change to the appraisal report. If the lender determines that there would be no material change, then they should not ask the appraiser to make revisions. Fannie Mae expects CU to enable lenders to accept appraisals “as is” with greater confidence.

 

[Carnivore]

I wonder if they have read this??

Its quite obvious from comments on this board that they have not. Might not be a bad idea to send that with any comp review selection demands with your responses.

I feel so fortunate that I am not subjected to the lender madness out there.

 

[Carnivore]

Its quite obvious from comments on this board that they have not. Might not be a bad idea to send that with any comp review selection demands with your responses.

I feel so fortunate that I am not subjected to the lender madness out there.