50 Ways to Lose Your Lender
Fannie Mae Posts Q&A Regarding Their "Appraisal Quality Monitoring"
In our last newsletter, we discussed Fannie Mae Lender Letter LL-2013-10 which describes how we appraisers are being carefully monitored through the Uniform Data Collateral Portal for inaccuracies and inconsistencies in data reporting. Last Monday they released their FAQ (Frequently Asked Questions) for lenders as to their “Appraiser Quality Monitoring” (AQM) process and the “AQM” list which will be posted monthly. This list will be made available to lenders only, not to appraisers or appraisal management companies (AMCs). Fannie Mae notes that the “AQM list is protected content on our business portal”.
A link to the Fannie Mae FAQ is found here:
Appraisal Quality Monitoring FAQs (opens a .pdf)
In our last newsletter, we discussed Fannie Mae Lender Letter LL-2013-10 which describes how we appraisers are being carefully monitored through the Uniform Data Collateral Portal for inaccuracies and inconsistencies in data reporting. Last Monday they released their FAQ (Frequently Asked Questions) for lenders as to their “Appraiser Quality Monitoring” (AQM) process and the “AQM” list which will be posted monthly. This list will be made available to lenders only, not to appraisers or appraisal management companies (AMCs). Fannie Mae notes that the “AQM list is protected content on our business portal”.
A link to the Fannie Mae FAQ is found here:
Appraisal Quality Monitoring FAQs (opens a .pdf)
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