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What is FNMA form?

FNMA Federal National Mortgage Association (FNMA) (Fannie Mae) Forms in Word.

Who pays for an appraisal desk review?

Appraisal reviews don't cost any money, and a second appraisal has the same appraisal costs as a first appraisal. The appraisal review is the lessor of the two options. It involves a second look from the lender's staff.

What is an appraisal form 2000?

The Residential Appraisal Review Report (Form 2000) is used to review a one-unit property such as a detached or attached single family home, manufactured home, condominium or co-op.

What is appraisal desk review?

The desk review is a very commonly used collateral-assessment, appraisal-review tool. It is used to critique the appraisal of real property, typically on three different occasions. The first is the pre-funding review, which typically takes place immediately prior to the closing of a loan.

What is a 1004P appraisal form?

Fannie also has a name for its new \u201chybrid\u201d desktop appraisal, the 1004P. This would be a desktop appraisal that is performed by a licensed appraiser after a property data collector has inspected and reported on the property in question.

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What is a Fannie Mae Form 1033?

One-Unit Residential Appraisal Desk Review Report Form 1033 reports results of a desk review for a Mortgage secured by a 1-unit property originated using an appraisal report.

What triggers an appraisal review?

Likely Candidates for Review For example, a lender may agree to finance up to 80 percent of a home's appraised value, or 80 percent LTV. Borrowers with marginal credit or high debt levels, as well as "flips" -- homes sold by investors at a profit within a short time frame -- often trigger appraisal reviews.

What is the standard appraisal form?

The Uniform Residential Appraisal Report (URAR) is widely considered to be one of the most common forms used in real estate appraisal. The form, which allows for standard reporting and analysis of single family dwellings, applies to a one-unit property or one-unit property with an accessory unit.

What is an appraisal form 1073?

An Individual Condominium Unit Appraisal Report (ICUAR) is for appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Also known as Fannie Mae Form 1073, appraisals reported on this form must be completed in accordance with the UAD Specification.

How long does a desk review take?

Desk reviews are typically completed within 90 to 120 days of awardee notification.

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