Desktop appraisals: Ready to support you
Written by Hunter Meek on February 16, 2022
As you’ve likely heard, the GSEs have announced that a new desktop appraisal process will now be an option for some loan transactions as early as March 6th. We anticipate that the volume of these orders will start slowly, but we want you to know that we’re here to support you. The 1004 Desktop form has been available to you in TOTAL for a while.
To use it, search “URAR (Desktop)” when choosing a form for your report.
A shift towards desktop appraisals will affect appraisers in different ways, depending on whether you’re an independent or staff appraiser, your market, your fees, and more. Whatever your situation, and whatever types of assignments you choose to accept, we’re always striving to provide the technology and support you need to do your job as efficiently as possible, and we’ll continue to do so.
Here are some more resources from Fannie and Freddie regarding desktop appraisals:
Fannie Mae desktop appraisal FAQ
Freddie Mac desktop appraisal FAQ
Keep an eye out for more information soon on the specific steps we’re taking to make the desktop appraisal process smoother for you. In the meantime, don’t hesitate to let us know how we can help.