Bulletin 2022-036 Conforming Desktop Appraisal Clarifications

Conforming Desktop Appraisal Clarifications

Newrez LLC "Newrez" Approved Correspondent Clients: Newrez will align with Fannie Mae SEL-2022-03 and Freddie Mac’s bulletin 2022-7. The changes announced in this announcement are effective immediately.


Fannie Mae SEL-2022-03 Desktop Appraisal Clarification


  • A new appraisal is required when the effective date of the original desktop appraisal report is more than four (4) months from the date of the Note and Mortgage.
  • A floor plan for the desktop appraisal does not have to meet the Square Footage-Method for Calculating: ANSI®Z765-2021 standards.


Freddie Mac Bulletin 2022-7 Desktop Appraisal Clarification


  • Freddie Mac removed from the chart in Section 1(a) the reference to Detached Condominium Units being eligible with appraisal report Guide form 70D, Uniform Resident Appraisal Report (Desktop). Desktop appraisals are not eligible for detached condo units.