Appraisal Petition on Collateral Underwriter from Fannie Mae
It seems all anyone in the industry is talking about recently is the announcement of Fannie Mae's appraisal review tool Collateral Underwriter (CU). Appraisers want to know how this will affect their past appraisals and what it will mean for their appraisals in the future. Who has rights to the data and who will be able to view it? Richard deVerdier, president of ICAP, recently sent out a letter to appraisers including a pettition to for them to sign. Take a moment to read his letter and sign the petition.