Since Fannie Mae introduced Form 2055 and Form 2065, many appraisers have expressed concern about the brevity of the appraisal data to be reported and the fact that it was possible to complete an appraisal by conducting only an exterior inspection of the subject property from the street. Both forms, designed for use specifically with Fannie Mae's Desktop Underwriter™ automated underwriting system, are still considered controversial by some appraisers because of such features. You'll find out what's behind these features in this newest volume in the Appraisal Institute's "Communicating the Appraisal" series and learn how the forms comply with the requirements of the Uniform Standards of Professional Appraisal Practice. Author Joseph L. Minnich walks you through the forms section-by-section and line-by-line, pointing out the data required and the rationale behind each item. An opening section of the book analyzes the requirements of USPAP Standard 2—the reporting standard—and shows how Forms 2055 and 2065 answer these demands.

The more form appraisals you're asked to do, the more you need to have this volume handy. Using these forms will make you feel more comfortable about performing appraisals. Order your copy of Communicating the Appraisal: Fannie Mae Desktop Underwriter™ Quantitative Analysis Appraisal Report Form 2055 and Qualitative Analysis Appraisal Report Form 2065 today!