Fannie Mae Selling Guide B4-1.3-01 — Review of the Appraisal Report

fnma-sel-b4-1-3-01

Fannie Mae Selling Guide B4-1.3-01 — Review of the Appraisal Report.

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Fannie Mae Selling Guide B4-1.3-01 — Review of the Appraisal Report

Effective 2025-06-04 · publisher's stamp for this provision

B4-1.3-01, Review of the Appraisal Report (06/04/2025) Introduction This topic contains information on reviewing the appraisal report, including: Overview Appraisal Report Analysis Uniform Appraisal Dataset (UAD) 3.6 Policy Overview Fannie Mae’s appraisal report forms and the appraisal review requirements for one- to four-unit properties have been developed with the intent that the USPAP standards are followed and that Fannie Mae’s policies are supportive of fair lending practices. This topic provides lender requirements related to the transaction details and the property and appraisal eligibility analysis. Appraisal Report Analysis When an appraisal is obtained, the lender must analyze the current contract for sale for purchase money transactions, current offering or listing for sale for both purchase and refinance transactions when the home was listed for sale, comparable sales for both purchase and refinance transactions, and current ownership for the subject property (see B4-1.1-02, Lender Responsibilities, for further information). The lender is responsible for validating that the property meets Fannie Mae’s eligibility criteria (see B2-3-01, General Property Eligibility, for eligibility requirements); the appraiser has provided an accurate and reliable opinion of value that reflects the market value, condition, and marketability of the subject property in compliance with Fannie Mae’s Selling Guide requirements. (See B4-1.3-12, Appraisal Quality Matters, for further information); and the appraisal conforms with B4-1.1-04, Unacceptable Appraisal Practices. Uniform Appraisal Dataset (UAD) 3.6 Policy Lenders using UAD 3.6 must follow the requirements in the UAD 3.6 Policy Supplement.

Source: Fannie Mae Selling Guide B4-1.3-01 — Review of the Appraisal Report · source URL · snapshot 2897f21e1e729b42

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Source of record: https://claudeforcompliance.com/regs/fnma-sel-b4-1-3-01/ · register fnma-sel-b4-1-3-01 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.