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The exhibits required for any appraisal or property inspection report that is used for a Desktop Underwriter-processed mortgage are based on the type of property inspection that Desktop Underwriter recommends:
| • | If Desktop Underwriter recommends an exterior only inspection of the property -- using either the Desktop Underwriter Quantitative Analysis Appraisal Report (Form 2055), the Desktop Underwriter Qualitative Analysis Appraisal Report (Form 2065), or the Desktop Underwriter Individual Cooperative Interest Appraisal Report (Form 2095) -- the only exhibits we require are a street map that shows the location of both the subject property and the comparable sales and a photograph that shows the front scene of the subject property. When Forms 2055 and 2065 are used in connection with a one-family investment property, the Single-Family Comparable Rent Schedule (Form 1007) should accompany the appraisal report. |
| • | If Desktop Underwriter recommends an exterior only inspection of the property -- using the Desktop Underwriter Property Inspection Report (Form 2075) -- the only exhibits we require are a street map that shows the location of the subject property and a photograph that shows the front scene of the subject property. |
| • | If Desktop Underwriter recommends both an interior and exterior inspection of the property -- using either the Desktop Underwriter Quantitative Analysis Appraisal Report (Form 2055) or the Desktop Underwriter Individual Cooperative Interest Appraisal Report (Form 2095) -- we require all of the same exhibits that are used to support the appraisal forms for manually underwritten mortgages (as discussed in Section 204.01 above). |
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