Freddie Mac Single Family News Update
November 22nd, 2010
In their Single Family News Center, Freddie Mac released, Responsible Lending: The Power of Quality Improving Appraisal Quality and Accuracy.
Improving Appraisal Quality and Accuracy
Evaluating the quality, integrity, and accuracy of appraisals and appraisal reviews is critical to advancing responsible lending standards in today’s market. To help you proactively develop controls that may strengthen your appraisal management and help determine appraisal quality, Freddie Mac is providing guidance focused on improving the quality and accuracy of collateral valuations for mortgages delivered to Freddie Mac:
- Recommendations for Effective Appraisal Management and Controls
- Guidance on Using Appraisal Evaluation Tools to Strengthen the Appraisal Review Process
- Additional Guidance on Reviewing Home Value Explorer® (HVE®) Results in Loan Prospector®
Review this guidance, as well as additional valuable tips and tools, to help you prevent many of the mostcommon errors from occurring during the appraisal management process and improve appraisal quality.
Remember to visit our Responsible Lending: The Power of Quality Web page for new and updated collateral resources.
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 800 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.