Transcription of Section 1.07 Appraisal Guidelines - stmpartners.com
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Section 1.07 Appraisal Guidelines - stmpartners.com
Section December 14, 2018 Appraisal Guidelines Page 1 of 147 Correspondent Seller Guide Broker Seller Guide Section Appraisal Guidelines In This Section This Section contains the following topics. Overview .. 3 Introduction .. 3 Guideline Summary .. 3 Related Bulletins .. 6 Appraisers .. 7 Appraiser Selection Criteria .. 7 Supervisory or Review Appraiser Update .. 8 Ineligible Appraisers .. 9 Government Appraisal Approved Lists .. 9 Appraiser Independence Requirements .. 10 Scope of the Code .. 10 Appraiser Engagement .. 10 Appraiser Requirements .. 10 In-house Staff Appraisers .. 10 Appraiser Compensation .. 11 Settlement Services Provider .. 11 Prohibited Activities .. 11 Misconduct .. 12 Review of Appraised Values .. 13 General .. 13 Ineligible Appraisal Reports .. 13 Exceptions to Ineligible Appraisal Reports .. 14 Communication with the 14 Underwriter Responsibility .. 14 Borrower Receipt of Appraisal .. 15 Second Appraisals.
One-Unit Residential Appraisal Desk Review Report (Freddie Mac 1033) .....37 Appraisal Update and/or Completion Report (Fannie Mae 1004D/Freddie Mac ... come from appraising residential properties), be current with the Uniform Standards of Professional Appraisal Practice (USPAP), and those of the secondary market, ...
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