Freddie Mac Single-Family Seller/Servicer Guide 5603.1 — Appraiser Independence Requirements, Seller selection of appraisers and appraiser qualifications
Freddie Mac Single-Family Seller/Servicer Guide section 5603.1 — Appraiser Independence Requirements, Seller selection of appraisers and appraiser qualifications. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 5603.1 — Appraiser Independence Requirements, Seller selection of appraisers and appraiser qualifications — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Freddie Mac Single-Family Seller/Servicer Guide 5603.1 — Appraiser Independence Requirements, Seller selection of appraisers and appraiser qualifications (part 1 of 2)
Refer to Bulletin 2025-7, which announced the policy requirements for Uniform Appraisal Dataset (UAD) 3.6. Sellers may submit to the Uniform Collateral Data Portal® appraisal reports that use UAD 3.6 before the mandatory effective November 2, 2026 version of this section. This section contains requirements related to: ■ Seller responsibilities ■ Appraiser Independence Requirements ■ Appraiser and supervisory appraiser qualifications ■ Unlicensed and trainee appraisers ■ Seller representations and warranties regarding appraisers and appraisal reports ■ Representations by appraisers and appraisal management companies (a) Seller responsibilities The Seller is responsible for: ■ Complying with the Appraiser Independence Requirements ■ Selecting the appraiser ■ Requiring the appraiser to use the appropriate Freddie Mac appraisal report form ■ Complying with the Uniform Appraisal Dataset Freddie Mac does not select or approve individual appraisers or appraisal management companies. The Seller, or a third party authorized by the Seller, is responsible for approving and selecting the appraiser. The Seller warrants that the appraisal services provided comply with the Uniform Standards of Professional Appraisal Practice, applicable laws and Freddie Mac requirements. (b) Appraiser Independence Requirements For each conventional Mortgage sold to Freddie Mac, the Seller represents and warrants that the appraisal was obtained in accordance with Exhibit 35, Appraiser Independence Requirements. (c) Appraiser and supervisory appraiser qualifications The appraiser or supervisory appraiser must: ■ Be State-licensed or State-certified in the State in which the subject property is located, ■ Have knowledge and experience in appraising the property type in the Market Area, and ■ Have access to applicable data sources (d) Unlicensed and trainee appraisers Freddie Mac permits unlicensed and trainee (or similar classification) appraisers to complete an appraisal report in accordance with State law. If an appraisal report is completed by an unlicensed or trainee (or similar classification) appraiser: ■ A supervisory appraiser must sign the appraisal report ■ A supervisory appraiser is not required to inspect the subject property or comparable sales unless required by State law (e) Seller representations and warranties regarding appraisers and appraisal reports In addition to complying with the Appraiser Independence Requirements, with respect to each appraisal report, the Seller represents and warrants that: ■ All information known to the Seller that may affect the estimate of market value or marketability has been provided to the appraiser. It has reviewed the appraisal report and has determined the Mortgaged Premises is adequate collateral for the Mortgage transaction, as required by Section 4201.1. ■ The appraisal report is of professional quality and supports all of the appraiser’s assumptions, data, analyses, rationale and conclusions regarding the opinion of market value of the property and the marketability of the Mortgaged Premises ■ The appraisal report is credible, internally consistent, clearly written, fully supported and sufficiently documented Deficient appraisals will be considered a breach of the Seller’s warranty regarding the acceptability of the Mortgage and will subject the Seller to the remedies available to Freddie Mac. In addition to reviewing the appraisal report submitted by the Seller, Freddie Mac may conduct property inspections and/or other investigations to verify property eligibility and proper underwriting of the Mortgages offered for sale to and sold to Freddie Mac. Freddie Mac may refuse to accept appraisal reports prepared by a particular appraiser. Note: See Section 3101.1 for additional requirements on the Freddie Mac Exclusionary List and Section 3101.2 for additional requirements on the FHFA Suspended Counterparty Program. (f) Representations by appraisers and appraisal management companies Appraisers and appraisal management companies must not make any representation to third parties as being approved by Freddie Mac.
Freddie Mac Single-Family Seller/Servicer Guide 5603.1 — Appraiser Independence Requirements, Seller selection of appraisers and appraiser qualifications — PENDING VERSION, takes effect 2026-11-02
Not yet in force. This is the pending version of the section, which takes effect 2026-11-02. The other version on this page governs until then.
(Future effective date 11/02/26) This section contains requirements related to: ■ Seller responsibilities ■ Appraiser Independence Requirements ■ Appraiser and supervisory appraiser qualifications ■ Unlicensed and trainee appraisers ■ Seller representations and warranties regarding appraisers and appraisal reports ■ Representations by appraisers and appraisal management companies (a) Seller responsibilities The Seller is responsible for: ■ Complying with the Appraiser Independence Requirements ■ Selecting the appraiser ■ Ensuring the appraiser provides the appropriate appraisal report for the property type ■ Complying with the Uniform Appraisal Dataset Freddie Mac does not select or approve individual appraisers or appraisal management companies. The Seller, or a third party authorized by the Seller, is responsible for approving and selecting the appraiser. The Seller warrants that the appraisal services provided comply with the Uniform Standards of Professional Appraisal Practice, applicable laws and Freddie Mac requirements. (b) Appraiser Independence Requirements For each conventional Mortgage sold to Freddie Mac, the Seller represents and warrants that the appraisal report was obtained in accordance with Exhibit 35, Appraiser Independence Requirements. (c) Appraiser and supervisory appraiser qualifications The appraiser or supervisory appraiser must: ■ Be State-licensed or State-certified in the State in which the subject property is located, ■ Have knowledge and experience in appraising the property type in the Market Area, and ■ Have access to applicable data sources (d) Unlicensed and trainee appraisers Freddie Mac permits unlicensed and trainee (or similar classification) appraisers to complete an appraisal report in accordance with State law. If an appraisal report is completed by an unlicensed or trainee (or similar classification) appraiser: ■ A supervisory appraiser must sign the appraisal report ■ A supervisory appraiser is not required to inspect the subject property or comparable sales unless required by State law (e) Seller representations and warranties regarding appraisers and appraisal reports In addition to complying with the Appraiser Independence Requirements, with respect to each appraisal report, the Seller represents and warrants that: ■ All information known to the Seller that may affect the estimate of market value or marketability has been provided to the appraiser. It has reviewed the appraisal report and has determined the Mortgaged Premises is adequate collateral for the Mortgage transaction, as required by Section 4201.1. ■ The appraisal report is of professional quality and supports all of the appraiser’s assumptions, data, analyses, rationale and conclusions regarding the opinion of market value of the property and the marketability of the Mortgaged Premises ■ The appraisal report is credible, internally consistent, clearly written, fully supported and sufficiently documented Deficient appraisal reports will be considered a breach of the Seller’s warranty regarding the acceptability of the Mortgage and will subject the Seller to the remedies available to Freddie Mac. In addition to reviewing the appraisal report submitted by the Seller, Freddie Mac may conduct property inspections and/or other investigations to verify property eligibility and proper underwriting of the Mortgages offered for sale to and sold to Freddie Mac. Freddie Mac may refuse to accept appraisal reports prepared by a particular appraiser. Note: See Section 3101.1 for additional requirements on the Freddie Mac Exclusionary List and Section 3101.2 for additional requirements on the FHFA Suspended Counterparty Program. (f) Representations by appraisers and appraisal management companies Appraisers and appraisal management companies must not make any representation to third parties as being approved by Freddie Mac.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 5603.1 — Appraiser Independence Requirements, Seller selection of appraisers and appraiser qualifications
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Source of record: https://claudeforcompliance.com/regs/fhlmc-5603-1/
· register fhlmc-5603-1 · Claude for Compliance. Free to read and download;
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