Fannie Mae Lender Letter (LL-2021-01) Appraisal Risk Management Policy Reminders and Resources

January 06, 2021

Fannie Mae reiterates lenders’ responsibilities for appraisal review and for compliance with Appraiser Independence Requirements; provides examples of appraisal findings and defects; suggests best practices for lenders’ appraisal-related underwriting and quality control processes; and points out resources to help lenders manage appraisal risk efficiently and effectively.

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