Transcription of APPENDIX D: VALUATION PROTOCOL - HUD
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APPENDIX D: VALUATION PROTOCOL - HUD
1/06 D- 1 APPENDIX D: VALUATION PROTOCOL The appraisal process is the lender s tool for determining if a property meets the minimum requirements and eligibility standards for a FHA-insured mortgage. Underwriters bear primary responsibility for determining eligibility; however, the appraiser is the on-site representative for the lender and provides preliminary verification that the General Acceptability Criteria standards have been met.
appraiser must select the appropriate appraisal form for reporting an FHA appraisal from the following: 1. Uniform Residential Appraisal Report (Fannie Mae Form 1004 March 2005) – Required to report an appraisal of a one-unit property or a one-unit property with an accessory unit. 2. Manufactured Home Appraisal Report (Fannie Mae Form 1004C ...
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