CRT-Eligible Profile Summary

The Modern Valuation Spectrum Value acceptance Data, model, and technology driven Value determination Appraisal driven حلم Value acceptance (appraisal waiver) Uses data and a modeling framework to confirm the validity of the value/sale price. For purchases and refinances; especially well-suited for low-risk refinances when the subject and market data is abundant. Value acceptance + property data NEW: Used when modeling framework confirms the validity of the value/sale price, but a prior observation of the property is lacking. Property data is collected by a trained and vetted third party (real estate agent, insurance inspector, appraiser, etc.) to provide a current observation of the property. Lender reviews data and warrants property eligibility. Implemented April 15, 2023 Automatic value certainty with rep and warrant relief Hybrid Property data collected by a trained and vetted third party (real estate agent, insurance inspector, appraiser, etc.) is passed to an appraiser to perform an enhanced version of a desktop appraisal. For loans that do not qualify for value acceptance or do not have reliable prior observations of the subject property. Desktop Appraiser completes the appraisal without physically inspecting the property, using data from various sources (agents, homeowners, MLS, tax records, etc.). Best suited for purchase transactions. Value certainty with rep and warrant relief from a CUⓇ score of 2.5 or lower Traditional Appraiser collects the property data and completes the market analysis required for the appraisal. For complex property types or situations where data is sparse. Visit https://singlefamily.fanniemae.com/valuation-modernization for more information 64 © 2024 Fannie Mae

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