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The Fannie Mae Valuation Department is trying to recruit new appraisers that would like to do REO (foreclosure) work.

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Views: 19990
Votes: 10
Comments: 18
Posted: 19 Jun, 2008
by: Admin A.
Updated: 02 Mar, 2011
by: Admin A.

The Fannie Mae Valuation Department is trying to recruit new appraisers that would like to do REO (foreclosure) work. Fannie Mae is interested in appraisers who also are already set up with Appraisal Port and are willing to use AI ready software. Fannie Mae started using Appraisal Port as of April 14, 2008 and requiring reports being submitted AI ready starting June 1, 2008. Must have five years experience.

Fees:

  1. $350 exterior only for 2-4 units
  2. $250 exterior only for all others
  3. $200 for all follow up inspections
  4. $475 complete interior inspections for 2-4 units (first visit and 6 months after previous inspection)
  5. $350 complete interior inspection for all others (first visit and 6 months after previous inspection)
  6. $200 for vacant land

If interested in becoming a vendor for Fannie Mae, please download the forms posted below (in the Attached Files portion) and forward the completed forms back to Tina L. Wright. Also include your coverage areas (counties) in your email subject line along with the phrase "New Vendor Info". If you are not AI ready, you must be by 06/01/2008 in order to receive work. There will be a background check done and an elimination process for choosing appraisers.

Please do not contact Tina L. Wright regarding status and contact her only if you have questions regarding the forms. She has no control over who will or will not be chosen.

If you have problems downloading the Copy_of_appraiserapp.xls form, follow this link.

FannieMaeNewVendorInfo.pdf is locked as it is a confidential document. Please contact us and request the password to unlock and open this document. This information will only be given to our appraiser members. If you would like to become an appraiser member, please submit your information here.

Good luck!
Directory Team

Allegations about AppraisalPort and FNC

Attached files
file FannieMaeNewVendorInfo.pdf (18 kb)
file Copy_of_appraiserapp.xls (66 kb)
file W9_Vendors_0706.pdf (21 kb)
file Becoming_a_Fannie_Mae_Vendor.doc (20 kb)
file Copy_of_appraiserapp.pdf (23 kb)

Showing: 1-18 of 18  
Comments

07 Oct, 2008   |   D
The email address for Tina is invalid.

Answer:
---------

You can also email= your application to email=vendor_apply@fanniemae.comvendor_apply@fanniemae.com your application to email=vendor_apply@fanniemae.comvendor_apply@fanniemae.com/email

Directory Team


28 Jun, 2008   |  Directory Team
You can also email= your application to email=vendor_apply@fanniemae.comvendor_apply@fanniemae.com your application to email=vendor_apply@fanniemae.comvendor_apply@fanniemae.com/email.


26 Jun, 2008   |   Doug Klingensmith
I am having a problem opening the copy of appraiser app., and I seem to be getting an error message.

Answer:
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As a few other appraisers were having a similar problem, we also added the appraiser application in PDF format. You can download the PDF format in the "Attached files" section above.

Directory Team


26 Jun, 2008   |   Cindy
How do I get the vendor infor pack? It keeps asking me for a password. I have downloaded and printed out everything else.

Answer:
---------
Please contact us at url=http://www.e-appraisersdirectory.com/kb/contact/http://www.e-appraisersdirectory.com/kb/contact//url and request the password to unlock and open this document. This information will only be given to our appraiser members. If you would like to become an appraiser member, go to url=http://www.e-appraisersdirectory.com/reg.phphttp://www.e-appraisersdirectory.com/reg.php/url and submit your information.

Directory Team


26 Jun, 2008   |  Lori Carroll-Melker
I was wondering about the Fannie Mae application to receive REO appraisals from them. Do I need to be a member of e-AppraisersDirectory.com? If so I have submitted my application to Fannie Mae and registered to become an appraiser member with e-Appraiserdirectory.com. Could you confirm that both applications have been received?

Answer:
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You do not need to register with us and become an appraiser member in order to receive REO appraisal work from Fannie Mae. We became aware that Fannie Mae is trying to recuit new appraisers interested in doing REO work and so we notified our appraiser members. We contacted Tina Wright with Fannie Mae and informed her that a notification was sent to our appraiser members about this recruitment. Since the FannieMaeNewVendorInfo.pdf file is marked confidential by Fannie Mae, we will only provide a password to unlock it to our appraiser members, for we believe Fannie Mae only intended for this file to be viewed by appraisers interested in doing REO appraisals.

We are not processing these applications nor should you email us the required documents. Completed documents should be emailed to Tina Wright. Please do not contact her regarding status and contact her only if you have questions regarding the forms. She has no control over who will or will not be chosen. If you/your company is approved or declined you will received a notice. We are not aware of the process time and assume that it will all depend on the background check and the number of applications being processed.

Directory Team


26 Jun, 2008   |   William W. Whitley
This is a message directly from Tina Wright.

"If you are inquiring about becoming a Fannie Mae appraiser please go to efanniemae.com and complete the appraiser application. Someone from the vendor management department will contact you if we need additional coverage in your area. Please do not email me or call me with inquires as this is not my area. Also, If you can post this in the same area that you got my email address, I would appreciate it"


23 Jun, 2008   |  Bill Ringel
How do I open the fanniemae documents? I don't use xls.

Answer:
---------
The only format for the appraiser application provided to us by Fannie Mae is Excel. Please email Tina Wright directly in regard to your issue.

Directory Team


23 Jun, 2008   |   Sandra
Will we be contacted if we are approved for appraisal work in our area? If so, will they contact us within the next few days/weeks?

Answer:
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We were informed that a background check will be made on you and your company. If you/your company is approved or declined you will received a notice. We are not aware of the process time and assume that it will all depend on the background check and the number of applications being processed.

Directory Team


23 Jun, 2008   |  Mike Marino
How do you fill in information on form W-9 with Adobe Reader?

Answer:
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You cannot fill in the W-9 form with Adobe Reader. Please fill in the form by hand and scan the completed form in PDF format.

Directory Team


23 Jun, 2008   |  Jerry D. Shackelford
We are already doing REO work for Fannie Mae through AppraisalPort. Do we still need to complete these forms?

Answer:
---------
If you are already a vendor for Fannie Mae, you do not need to complete these forms. These forms are for new appraisers who would like to become a vendor for Fannie Mae.

Directory Team


23 Jun, 2008   |  Deborah Graham
I would like to sign up but I am not AI Ready. Will that be an issue?

Answer:
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The National Property Disposition Center (NPDC) manages Fannie Mae's real estate owned (REO) properties. The NPDC/REO department started using Appraisal Port as of April 14, 2008 and requiring reports being submitted AI ready starting June 1, 2008. You need to be AI ready in order to receive work. Please visit url=https://www.aiready.com/app/app_ready.asphttps://www.aiready.com/app/app_ready.asp/url for more information on AI ready.

Directory Team


23 Jun, 2008   |  Cynthia Schwirtlich
Why do you have to be AI? Is Wintotal ok?

Answer:
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This is the criteria for the Fannie Mae Valuation Department. You will need to contact alamode to get additional information on the AI Ready plugin. Also, please visit url=http://www.aiready.com/viewvendor.asp?vendor=3http://www.aiready.com/viewvendor.asp?vendor=3/url for additional information.

Directory Team


23 Jun, 2008   |  Pamela Reese
I was already signed up and doing Fannie Mae appraisal work; however, the current fee schedule is unacceptable.

All appraisal fees have increased.....by $15.00 per form required.

Answer:
---------
You will need to contact the Fannie Mae Valuation Department regarding the fee issue.

Directory Team


23 Jun, 2008   |  Desiree C. Hatfield
I was contacted by e-mail about doing foreclosure assignments for e-appraisers.

I am in Kentucky, and work in four counties which are Daviess, Hancock, Ohio, and McLean.

I currently am an appraisalport member and am AIReady.

I am also an FHA Appraiser, Certified Residential in Kentucky and also Missouri my home state.

I would like consider working for your company, but due to the rural area, I charge higher fees for REO's than your website lists as fees paid.

In this area, there is a lot of manual research involved as MLS is only used by Daviess County Realtors. There is no other MLS, and most sales outside Daviess county are located only by manual research through property tax records. This as I am sure you are already aware is very time consuming. There is also a lot more mileage involved due to the large, but still very rural counties.

My question: Do you pay higher fees for areas such as I have listed above? If there are higher fees paid than you list, I would fill out the paperwork and submit. If not, I would not be interested at this time.

Thank you in advance for your assistance as well as the opportunity to work for e Appraisers.

Answer:
---------
We regularly market for the appraiser members in our directory to get additional appraisal work and forward the information to our appraiser members. The email we sent you earlier was to let you know that the Fannie Mae Valuation Department is looking to recruit new appraisers for REO appraisal work. You will not be completing REO appraisal work for us but for Fannie Mae. You will need to contact the Fannie Mae Valuation Department regarding the fee issues.

As a member of our directory, we provided this information to you for additional appraisal work and we hope you will support the directory by upgrading your free membership to a paid membership. In the near future, we will only notify our paid members of any possible appraisal work.

For more information on membership levels, please visit url=http://www.e-appraisersdirectory.com/appraisersmembership.phphttp://www.e-appraisersdirectory.com/appraisersmembership.php/url . The highest paid membership is $40/year.

Directory Team


23 Jun, 2008   |  Teresa Crout
Where do I send this information/forms when it is completed?

Answer:
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Please forward the completed forms to Tina Wright.

Directory Team


23 Jun, 2008   |   Richard Domanico
Do you have an email address for Tina Wright?

Answer:
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Tina Wright's email= address is email=tina_l_wright@fanniemae.comtina_l_wright@fanniemae.com address is email=tina_l_wright@fanniemae.comtina_l_wright@fanniemae.com/email.
Please do not contact Tina L. Wright regarding status and contact her only if you have questions regarding the forms. She has no control over who will or will not be chosen.

Directory Team


23 Jun, 2008   |  Phil Harris
We have sent in the forms back. Please see if we have been approved.

Answer:
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We were told that if your company is approved or declined, you will receive a notice from the Fannie Mae Valuation Department.

Directory Team


23 Jun, 2008   |  Angela Harris
I would like to fill out the forms, however, the appaiser application is an excel spreadsheet and I do not use excel. Do you have it in any other format?

Answer:
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The only format for the appraiser application provided to us by Fannie Mae is Excel. Please email Tina Wright directly in regard to your issue (just click on her linked name above).

Directory Team


Also read
document The Fannie Mae Valuation Department is trying to recruit new appraisers that would like to do REO (foreclosure) work.
document Fannie Mae's National Underwriting Center (NUC) relaxes requirement to submit appraisal reports in AI Ready format




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