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Fannie Mae dropped some exciting news to the lending industry last week. What's more exciting? Appraisal Firewall is ahead of the game and has you covered and ready when these changes go into effect April 15th, 2023.

Have questions about Fannie Mae's appraisal product announcement last week? We can help you!

First, Appraisal Firewall will be ready for next month's selling guide and new product acceptance update. We will be able to connect you with vetted and trained Property Data Collectors to deliver the Value Acceptance + Property Data and Hybrid Appraisal solutions.

• Value Acceptance - this is the new name for the appraisal waiver many of you have seen over the last few years. When you receive this in DU, you can proceed without an appraisal.

• Value Acceptance + Property Data - this new product will allow for an appraisal waiver as long as property data (gathered by a vetted and trained Property Data Collector) and a floor plan is delivered to DU. Appraisal Firewall will deliver this product to you.

• Hybrid Appraisals - this product requires a vetted and trained Property Data Collector to gather data, then includes a floor plan and delivers these two pieces to an appraiser for a Desktop Appraisal. Appraisal Firewall will then deliver this product to you.

We will provide more information for you in the coming weeks. Have questions? Please contact us to learn more.