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 heightened risk of quality issues, overvaluation and property eligibility or policy compliance violations. Detailed messaging will direct reviewers to specific aspects of the appraisal report that may warrant further attention.
Valuation Management Group will be assisting our clients with addressing the messaging and risk flags during our quality assurance review. VMG has licensed staff appraisers review 100% of our appraisals. Our appraisal reviewers average over 16 years of appraisal experience. VMG appraisal reviewers will be participating in webinars and other training to ensure they have a full understanding of CU. We welcome questions about the Valuation Management Group review process.
Fannie Mae is providing information to help everyone understand Collateral Underwriter.
Valuation Management Group is a national, full service appraisal management company that manages the appraisal process for community banks, mortgage bankers and credit unions. We take the process from ordinary to extraordinary.