Guide Update 25-14
:  Lender Appraisal Review
Effective:
Lender Appraisal Review (Redline).pdf

HIGHLIGHTS

Effective for newly ordered Appraisals as of June 30, 2025, updated Lender Appraisal review requirements in Part II, Chapter 2: Valuation and Income.

 

Primary Change

Specified your Appraisal review must use supporting data from

  • your multifamily mortgage loan portfolio,
  • verified third-party valuations,
  • DUS Insights, or
  • other reliable sources.
     

Questions

Please contact the Fannie Mae Deal Team with any questions.