Fannie Mae Announces Desktop Appraisal Implementation for Desktop Underwriter
Today, Fannie Mae announced that it will include a desktop appraisal option in Desktop Underwriter® (DU®) beginning the weekend of March 19, 2022. Purchase transactions for one-unit principal residences that meet specific requirements outlined in the DU release notes will be eligible for this option.
The Property Valuation Method is disclosed in Fannie Mae's mortgage-backed securities (MBS) and credit risk transfer (CRT) disclosures. Desktop appraisals are disclosed as "Appraisal" as the property value is obtained through an appraisal that was completed by a licensed or certified appraiser.
For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.