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Collateral Underwriter is almost here!

cuCollateral Underwriter is Fannie Mae’s proprietary ‘risk management’ software tool they are releasing to lenders and their business partners (AMCs) on January 26, 2015. They claim it is NOT an AVM (Automated Valuation Model) because it does not produce a proscribed value.

However, there is a good chance this new process will delay, and in some cases kill, real estate purchase transactions.

I have quite a bit of insight to share on this topic and how it will affect Realtors. I still have a few slots open for speaking engagements over the next few weeks. Please ask your managing broker or office manager to contact me.

For those of you looking for more information I have put together a list of links that will give you an overview as well as opinions from nationally recognized resources.

Fannie Mae:

https://www.fanniemae.com/content/faq/collateral-underwriter-faqs.pdf

https://www.fanniemae.com/singlefamily/collateral-underwriter

NAR:

http://www.realtor.org/articles/fannie-mae-s-new-appraisal-risk-assessment-tool-collateral-underwriter-cu

National Real Estate Post:

http://thenationalrealestatepost.com/appraisal-time-bomb-coming-in-january-2015/

Washington Post:

http://www.washingtonpost.com/realestate/fannie-maes-bid-to-boost-appraisals-accuracy-draws-fire/2015/01/08/ec206426-9506-11e4-8005-1924ede3e54a_story.html

Turner’s Appraisals Posts:

http://turnersappraisals.com/realtors-will-cu-affect-your-income-in-2015/

http://turnersappraisals.com/fannie-mae-to-pick-lowest-risk-comparables-for-appraisers/

http://turnersappraisals.com/fannie-mae-to-treat-appraisal-management-company-as-whipping-boy/

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