
American National Standards Institute Appraisal Standard
LSM will require all AMC’s completing FNMA appraisals use Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®)
Due to current market conditions, changes to our Employment re-verification process are necessary to manage risk. The changes below are effective immediately and apply to all Agency and Government Loans that have not closed.
Wage Earners:
Self-Employed:
Rental Income:
Note: When utilizing 2019 tax returns for qualifying purposes, we will require one of the following:
Should you have any additional questions, please contact your manager.
LSM will require all AMC’s completing FNMA appraisals use Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®)
Please check out our Prepayment Penalty Guidelines for Business Purpose Loans
Freddie Mac introduced a desktop appraisal option in lieu of an interior and exterior inspection
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