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The document outlines the requirement for all appraisals on DO/DU loans performed on or after November 1, 2005, to use specific report forms dated March 2005. It details the mandatory appraisal forms for various property types and inspection levels, emphasizing that the Desktop Underwriter Qualitative Analysis Appraisal Report Form 2065 is no longer acceptable after this date. For further assistance, contact information for Fannie Mae is provided.

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Is appraisal Form 70 the same as 1004?

Fannie Mae 1004, Uniform Residential Appraisal Report Also known as the Freddie Mac form 70 or the URAR. This report form is designed to report an appraisal of a one-unit property, or a one-unit property with an accessory unit. Residential Mortgage Appraisal Report Forms brubakerandassociates.com mortgage-forms brubakerandassociates.com mortgage-forms

Can a different appraiser complete a 1004D?

The update should be completed by the same appraiser who performed the original appraisal. Extenuating circumstances may warrant an exception to this requirement. The update must be completed on the 1004D form. A new 1004MC must accompany the 1004D.

What is appraisal form 1033?

Form 1033 reports results of a desk review for a Mortgage secured by a 1-unit property originated using an appraisal report. Form 1033 - Freddie Mac Guide freddiemac.com app guide form freddiemac.com app guide form

Is a 442 the same as a 1004D?

Appraisal Update and/or Completion Report Sequence Loading In the event an Appraisal Update and/or Completion Report (Fannie Mae Form 1004D / Freddie Mac Form 442) is required for an appraisal, it must be loaded in the next sequential Appraisal field (Appraisal 2 or 3).

What is a FNMA 1025 appraisal?

The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects.

Which form is used most frequently for residential appraisals?

The 1004 appraisal form is probably the most common and widely used appraisal form for residential appraisers.

What is a 1004D appraisal form?

Fannie Mae Form 1004D March 2005. The purpose of this report form is to provide the lender/client with an accurate update of an appraisal and/or to report a certification of. completion. Appraisal Update and/or Completion Report - Fannie Mae fanniemae.com media display fanniemae.com media display

How long is a 1004D appraisal good for?

Appraisers may perform an update of a previously completed appraisal using the Fannie Mae Form 1004D/Freddie Mac Form 442/March 2005 when requested by the Mortgagee. Appraisals are good for six months for existing construction, and automatically considered to be expired if the loan closes.

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