FHA Temporary Partial Waiver of QC Requirements for Field Reviews of Appraisals

June 22, 2020

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FHA issued a temporary partial waiver to provide mortgagees with flexibility related to quality control (QC) field reviews of appraisals; specifically, permits lenders to use third-party tools as an alternative to field reviews of appraisals applicable to QC reviews currently in process and for cases selected as part of a mortgagee’s May, June, or July 2020 QC selections.

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