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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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How to use or fill out the Form 1033 - Freddie Mac Guide online

Filling out the Form 1033 - Freddie Mac Guide online can seem daunting at first. However, with a clear step-by-step process, you can successfully complete the form and submit it without hassle. This guide will walk you through each section and field, ensuring you have all the information you need at your fingertips.

Follow the steps to successfully complete the Form 1033 - Freddie Mac Guide online.

  1. Click the ‘Get Form’ button to obtain the Form 1033 - Freddie Mac Guide and open it in the editor.
  2. Begin by filling out the property address section. Ensure you enter the full address, including city, state, and zip code.
  3. Complete the borrower information section. Input the full name of the borrower as it appears on legal documents.
  4. In the lender/client section, enter the name and contact details of the lender who will be reviewing the appraisal.
  5. Provide the property details including the assessor's parcel number and tax year information. Double-check all figures for accuracy.
  6. Fill out the neighborhood information. Include neighborhood characteristics, any special assessments, and market conditions.
  7. Once all fields are completed, review the entire form for any potential errors or omissions.
  8. After ensuring all details are accurate, save the changes. Depending on your needs, you can then download, print, or share the completed form.

Start filling out your Form 1033 - Freddie Mac Guide online today and streamline your appraisal process.

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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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