UWM CEO: Freddie Mac now skips appraisers for some refinances
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.”
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