GSE Waiver & Data Collection Data

[Non Sequitur]

that fannie or freddie guy can tell you all about how the gse's approve waivers...ltv and all

Just what I read. And I guess we'll never know, the post gained traction then disappeared. Do not speak ill of waivers.

Edit: The post is still up.

 

[Justinjla]

Anyone else getting these assignments?

View attachment 102887

Who is ordering the appraisal? The post doesn’t make sense to me.

 

[CGinMN]

My guess is that a lender got a waiver hit from one of the GSEs, then they lost it before closing, and they missed getting an appraisal. Now they are trying to get an appraisal done to cure the defect and sell the loan. It wouldn’t be a retrospective though.

 

[Non Sequitur]

Who is ordering the appraisal? The post doesn’t make sense to me.

The poster is claiming Fannie through their chosen AMC suppliers. I'm not the one posting in LinkedIn, just asking the questions. Please don't punish me, seriously.

 

[Joe Flacco]

The poster is claiming Fannie through their chosen AMC suppliers. I'm not the one posting in LinkedIn, just asking the questions. Please don't punish me, seriously.

Why would you get punished?

 

[Non Sequitur]

Blank

 

[djd09]

the mortgage broker estimated the high value...the borrower went belly up...the gse's exempt value rep except for the case of fraud...so there is a retro appraisal ordered

 

[Justinjla]

the mortgage broker estimated the high value...the borrower went belly up...the gse's exempt value rep except for the case of fraud...so there is a retro appraisal ordered

Fannie Mae does not have any kind of program like this.

 

[CGinMN]

Maybe Pulte is checking your work.

 

[NC Appraising]

Just got this from a AMC.... growing pains....does not include me lol....I don't do'em

We are sending this out to remind you on key quality points and product requirements to help reduce revisions from our QC team. Please see below and reach out with any questions -

Key Focus Areas

• Consistency between property condition report and your appraisal desktop report – Ensure information matches across reports, including property type, garage presence, and overall condition.

• Condition Reporting for Comparables – Validate comparable property data carefully. Do not override MLS commentary without clear, supportable reasoning.

• Zoning Accuracy – Confirm zoning is correct and consistent with municipal records.

• Room Counts – Double-check that the reported room count aligns with agent-provided photos and other available data.

• Amenity Adjustments – Ensure adjustments are properly made for items such as decks, porches, or other significant amenities.

• Repairs and Condition Issues – If repairs, damages, or condition concerns are noted in the Property Condition Report (PCRI), they must also be addressed in the ADII. These discrepancies are a primary driver of revisions received.

• Solar Panels – Confirm solar panels are reflected appropriately in the grid and narrative.

• Hypothetical Conditions – Do not mark the “hypothetical” box unless specifically warranted and documented. Several requests had to be cancelled due to improper use of this box.