Posts Tagged: Collateral Underwriter

Valuation Management Group to Co-Host Fannie Mae Webinar

Posted by & filed under Blog.

Valuation Management Group is proud to announce we will be co-hosting a Fannie Mae Webinar for appraisers about Collateral Underwriter. The goal of the webinar is for appraisers to gain a better understanding of Fannie Mae’s mission, to dispel common appraisal myths and to improve communication. Julie Jones and Jeremy Staudenmaier, Fannie Mae Credit Risk… Read more »

Residential Appraisal Review

Posted by & filed under Blog.

Collateral Underwriter (CU) has been the topic of conversation for lenders, appraisers, and appraisal management companies the past few months. All 3 groups want the same result: quality appraisal reports. Valuation Management Group (VMG) has always employed licensed or certified appraisers to review 100% of their appraisals. CU has added some items to the residential appraisal… Read more »

Fannie Mae Provides Clarification on CU and Real Estate Appraisals

Posted by & filed under Blog.

Very important information for lenders, appraisal management companies and appraisers was explained in a detailed 9 page letter from Fannie Mae, Lender Letter LL-2015-02, on February 4, 2015. The letter was sent to Fannie Mae lenders. Fannie Mae does not directly distribute to real estate appraisers, so Valuation Management Group is making it available on… Read more »

Collateral Underwriter (CU) Is In Full Swing!

Posted by & filed under Blog.

Collateral Underwriter (CU) was implemented on January 26, 2015. There was a lot of apprehension by appraisers and lenders. The good news is, the world did not stop turning! Since it has only been a little more than a week, there are still adjustments to be made in appraisers’ and lenders’ processes. Change is inevitable… Read more »

Valuation Management Group is Preparing for Collateral Underwriter (CU)

Posted by & filed under Blog.

Collateral Underwriter is a week away from being utilized on all appraisals delivered to Fannie Mae through the UCDP portal. Fannie Mae has provided a number of tools to help lenders, appraisers and appraisal management companies to be prepared for the January 26, 2015 release. Go to the Fannie Mae CU Page for more information… Read more »

Understanding Collateral Underwriter (CU)

Posted by & filed under Blog.

The week of December 15, 2014, Valuation Management Group started seeing the Collateral Underwriter (CU) risk flags and specific warnings. Fannie Mae stated that CU would be in place beginning January 26, 2015, but for some clients it started this week, as part of a pilot group. It is very important for appraisers to understand… Read more »

Are You Ready for Collateral Underwriter?

Posted by & filed under Blog.

Collateral Underwriter (CU) is the proprietary appraisal risk assessment application developed by Fannie Mae to support proactive management of appraisal quality. CU will be active at the time of upload to the UCDP on January 26, 2015. Lenders may use the CU risk score to segment appraisals by risk profiles. Risk Flags identify appraisals with… Read more »