UWM CEO: Freddie Mac now skips appraisers for some refinances

Jul 6, 2017, 14:37 PM by User Not Found
Freddie Mac is lowering the amount of demand for appraisers by cutting them out of the picture for some mortgage loans.
Freddie Mac is lowering the amount of demand for appraisers by cutting them out of the picture for some mortgage loans.

In his monthly 3-Points video, United Wholesale Mortgage CEO Mat Ishbia explains currently Fannie Mae offers products where appraisals aren’t necessary.

“This is a positive change for all of us in the industry,” Ishbia said. “You can either run it through Fannie Mae DU and get a PIW or Freddie Mac and get an ACE.”

Click here to read the full article via HousingWire.
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