GSE Appraisal & VOE Flexibilities
Dear Valued Clients,
The GSEs have announced temporary flexibilities regarding appraisal and verbal verification of employment issues. These are effective immediately for all applications in process and will remain in place with applications received on or before May 17, 2020.
For our correspondent lenders and brokers that use an AMC other than FLS, Fairway will allow appraisals that comply with both the temporary permissible appraisal table and agency eligibility, for underwriting review.
Please contact your Regional Account Manager should you have any questions related to this Client Announcement.