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b. Required Documentation for Underwriting the Property (08/19/2024)
If additional inspections, repairs, or certifications are noted by the appraisal or are required to demonstrate compliance with Property Acceptability Criteria, the Mortgagee must obtain evidence of completion of such inspections, repairs, or certifications, and include the repair cost estimate.
If the Appraiser is being utilized to provide evidence of completion of repair(s) or condition(s) noted in the original appraisal report, Fannie Mae Form 1004D/Freddie Mac Form 442, Appraisal Update and/or Completion Report, Certification of Completion must be used.