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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. 

Click here to access Fairway’s FAQ  for detailed information. 

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.

To view the announcements, please see the FNMA Lender Letterand FHLMC Bulletin.

Please contact your Regional Account Manager should you have any questions related to this Client Announcement.

 

 

03-24-2020