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  • Form 1033 - Freddie Mac Guide

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Sweeney Appraisal Service 160040760101Uniform Residential Appraisal ReportFile # 87875086SUBJECTThe purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately.

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1033 form mortgage Questions & Answers

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Note: Freddie Mac will accept Mortgages originated with a desktop appraisal with an LTV ratio higher than 90% as calculated using the value obtained from the desktop appraisal if the loan amount does not increase and all other eligibility requirements continue to be met, including the requirement that the LTV ratio ...

Property photos are required for desktop appraisals. Desktop appraisals must include pictures of the exterior front, rear and street as well as the interior kitchen, bathrooms, and main living area. They can be collected by a real estate agent, homeowner, or third-party source.

Clear, descriptive color photographs showing the front, back, and a street scene of the subject property and the front of each comparable. The subject and all comparables must be appropriately identified.

Desk reviews include scanning of literature, in addition to secondary data review, and the creation of a reference list for all documents. All the team leaders can analyze these documents as they are readily available. An example: To see what a desk review appraiser might look for is how he made adjustments.

One-Unit Residential Appraisal Desk Review Report Form 1033 reports results of a desk review for a Mortgage secured by a 1-unit property originated using an appraisal report.

For each Mortgage transaction that requires an appraisal, the Mortgage file must contain an appraisal report that meets Freddie Mac's requirements to evidence that the Mortgaged Premises is acceptable collateral.

Freddie Mac requires the appraiser to be licensed or certified in the state in which the subject property is located. The appraiser must have the knowledge and experience appraising the property type in the market area and have access to applicable data sources.

A desktop appraisal is a property valuation that is completed at the appraiser's desk, using tax records and information listed on the Multiple Listing Service (MLS), instead of through an in-person survey of the property. Importantly, a desktop appraisal should not be confused with a hybrid appraisal.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232