Fannie Mae's Collateral Underwriter(CU) Now Available to Lenders

On Jan. 26, 2015, Fannie Mae’s Collateral Underwriter (CU), an appraisal risk-assessment tool, became available to lenders. CU is a tool that lenders can use to assign a risk score to appraisals and identify aspects of the appraisal that may require further attention. The tool can provide the lender a list of additional comps for possible appraiser review. NAR is proactively working with Fannie Mae to address NAR member questions about how lenders are implementing CU and concerns about possible loan closing delays due to additional appraisal reviews. NAR... Read More