Servicing Guide

Published September 9, 2020

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What are the requirements for placing a property valuation order with Fannie Mae for a Mortgage Release when a valuation is not obtained through Fannie Mae's APS?

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.

Note: To obtain access to the VMS application, the servicer must complete a VMS User Setup Template and submit it to valuation_operations@fanniemae.com

 

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)

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

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