Guide Update 24-12R
:  Revised Implementation Timing for Appraisal, Market, and Valuation
Effective:
Revised Implementation Timing for Appraisal, Market, and Valuation (Redline).pdf
Form 4827

HIGHLIGHTS

Effective as of November 15, 2024 for newly ordered Appraisals, added new:

 

  • Appraisal and valuation requirements; and
  • Instructions for Appraisers (Form 4827).

 

Primary Changes

  • Created a new Instructions for Appraisers (Form 4827).
  • Added new requirements related to your: 
    • Appraiser
      • selection,
      • communication, and
      • monitoring; 
    • review of the 
      • Appraisal, and
      • Borrower's business plan; and
    • analysis of the Property's
      • value, and
      • sale history.

 

Superseded Publication 

This publication supersedes Supplement 23-02: Inflation Underwriting Guidance.

 

Questions
Please contact the Fannie Mae Deal Team with any questions.