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

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




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