ramrcdk
Senior Member
- Joined
- Jan 15, 2008
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
LINK
With FHFA’s permission, the GSEs aligned on modified Scopes of Work, Limiting Conditions, and Certifications in these new forms, enabling the GSEs to separately explore alternative appraisal processes.
What’s important to know is that the 1004 Desktop and 1004 Hybrid are not Selling Guide-compliant, meaning lenders cannot deliver loans to us with appraisals on the new forms unless the lender has a formal agreement to participate in our appraisal modernization testing. Consequently, you may not use these new forms unless specifically instructed by your client.
For more information, please see URAR Hybrid and Desktop Appraisal Forms – Quick Reference and URAR Hybrid and Desktop Appraisal Forms – Overview, both available in the Help & Training section on the Appraisers page.
With FHFA’s permission, the GSEs aligned on modified Scopes of Work, Limiting Conditions, and Certifications in these new forms, enabling the GSEs to separately explore alternative appraisal processes.
What’s important to know is that the 1004 Desktop and 1004 Hybrid are not Selling Guide-compliant, meaning lenders cannot deliver loans to us with appraisals on the new forms unless the lender has a formal agreement to participate in our appraisal modernization testing. Consequently, you may not use these new forms unless specifically instructed by your client.
For more information, please see URAR Hybrid and Desktop Appraisal Forms – Quick Reference and URAR Hybrid and Desktop Appraisal Forms – Overview, both available in the Help & Training section on the Appraisers page.
