Public Affairs Update

 

Public Affairs Update………………………………………….……………January 14, 2015

  • Fannie Mae’s New Appraisal Risk-Assessment Tool: Collateral Underwriter (CU)
  • In Case You Missed It

 

Fannie Mae’s New Appraisal Risk-Assessment Tool: Collateral Underwriter (CU)
At the end of January 2015, Fannie Mae will make Collateral Underwriter (CU), an appraisal risk-assessment tool, available to lenders. CU is an optional, free tool that lenders can use to assign a risk score to appraisals and identify aspects of the appraisal that may require further attention. In December, a video circulated that referred to CU as an “appraisal time bomb” and renewed concerns among members about the implementation of CU.  NAR has brought these concerns to Fannie Mae’s attention and will work to dispel myths and communicate facts about CU in 2015. Read more here[Source: NAR]

 

In Case You Missed It