So much for the 1004 Desktop being easier

[alebrewer]

All, some, whatever - the reason appraisers are "suddenly okay with it" is a deadly contagion threat - is that a good enough reason?

So is the flu...

 

[chad hampton]

What kills me is the uproar (from appraisers) over allowing 'non-interested' parties to perform the interior inspection (prior to Covid). Now, all of a sudden, appraisers are ok with biased parties providing the information (homeowners)...

We are? No one I know is. What we are doing is trying to be flexible at a time of national emergency.

No one asks appraisers for their ideas, so we do the best we can with the options were given.

 

[Justinjla]

"Interior photos are required, use all available sources required in a typical interior assignment."

One more reason to charge the same as the good ole 1004.

Who is making this requirement? Lender?

 

[DWiley]

Who is making this requirement? Lender?

FreddieMac - Single-Family

sf.freddiemac.com

 

[Mr Rex]

The comp photos are provided by a RE agent whose commission is based on the outcome of the appraisal. Few argue that that is not acceptable. Appraisers have met their worst enemies and it is themselves.

 

[Kitarkus]

The comp photos are provided by a RE agent whose commission is based on the outcome of the appraisal. Few argue that that is not acceptable. Appraisers have met their worst enemies and it is themselves.

I understand your argument. That said, would you prefer that all lending be stopped until a vaccine is introduced? Extraordinary times call for extraordinary measures. I well realize that there are those among us that do not believe that we are within an extraordinary time period....but I can't solve that calamity. I, for one, am pleased to have a methodology.....albeit a rapidly formulated methodology....that allows me to be productive....that allows liquidity in the market....and that provides me with some income. Or would you believe that this whole Pandemic was created to remove the Appraisal requirements from the lending process?....I mean c'mon.

 

[Justinjla]

View attachment 45269

FreddieMac - Single-Family

sf.freddiemac.com

Correct Danny. But, the last sentence of that FAQ reads: "Except for the required front photo, for photos that are not available, an appraiser may include a photo of a statement saying that the photo was not available."

Just wanted to make sure appraisers are aware of this. It sounded like the original poster might not be aware.

 

[DWiley]

Correct Danny. But, the last sentence of that FAQ reads: "Except for the required front photo, for photos that are not available, an appraiser may include a photo of a statement saying that the photo was not available."

Just wanted to make sure appraisers are aware of this. It sounded like the original poster might not be aware.

Good catch. I was primarily posting to address WHY the photos were being requested. I edited it to highlight the last sentence as well

 

[spittman]

FreddieMac - Single-Family

sf.freddiemac.com

View attachment 45273

Well that's confusing. Why is it called a desktop if a front photo is required? Wouldn't that make it an exterior?

 

[DWiley]

Well that's confusing. Why is it called a desktop if a front photo is required? Wouldn't that make it an exterior?

There is no requirement for the front photo to be taken by the appraiser. From the same FAQs:

FreddieMac - Single-Family

sf.freddiemac.com