The Appraisal Institute, one of the nation’s largest real estate appraisal organizations, has applauded Freddie Mac’s newly revised guidelines for mortgage lenders emphasizing the use of qualified and experienced real estate appraisers.

Revisions to Freddie Mac’s guidelines, issued Friday, instruct lenders that criteria for hiring appraisers should include one’s affiliation: “Sellers should consider membership in a professional appraisal organization as a qualification criterion,” such as membership in the Appraisal Institute. Freddie Mac and Fannie Mae, America’s biggest buyers of home mortgages, are consistent in requiring the use of qualified professional appraisers. source: rismedia.com

Qualified and educated appraisers are more important than ever in today’s real estate market.  This kind of action will definitely have a positive effect on the buyers and sellers in the Naples and Bonita Springs FL Real Estate Market.
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