The following table provides the requirements for placing a property valuation order with Fannie Mae when the servicer does not obtain a valuation through Fannie Mae’s APS.
|✓||The servicer must…|
Submit property valuation orders using the VMS application and the VMS Valuation Order Template.
Include the cost of the property value order in the MI claim.
The results of the property value will be available through Fannie Mae’s servicing solutions system within seven to ten calendar days from the date the servicer submits the order.
For more information please see F-1-14, Processing a Fannie Mae Mortgage Release (Deed-In-Lieu of Foreclosure)