Fannie Mae Issues Statement on Property Inspection Waivers
August 18, 2017
August 18, 2017
WASHINGTON, Aug. 18 -- Fannie Mae issued the following corporate statement:
Fannie Mae has updated its market-leading automated mortgage underwriting system, Desktop Underwriter(R) (DU(R)), to allow property inspection waiver (PIW) offers on some purchase transactions.
This update responds to market changes, allowing our lenders to offer their borrowers a choice for efficiency and cost savings by foregoing an appraisal on some lower-LTV loans, and complements Fannie Ma . . .
Fannie Mae has updated its market-leading automated mortgage underwriting system, Desktop Underwriter(R) (DU(R)), to allow property inspection waiver (PIW) offers on some purchase transactions.
This update responds to market changes, allowing our lenders to offer their borrowers a choice for efficiency and cost savings by foregoing an appraisal on some lower-LTV loans, and complements Fannie Ma . . .