Example ContractsClausesappraisal(sVariants
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Appraisal. The Mortgage File contains either # an appraisal of the related Mortgaged Property signed prior to the approval of the Mortgage Loan application by a qualified appraiser, duly appointed by , who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and appraiser both satisfy the requirements of Fannie Mae, Freddie Mac or FHA and Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated or # a property inspection waiver.

Appraisal. The Mortgage File contains either # an appraisal of the related Mortgaged Property signed prior to the approvalwith an appraisal date within 6 months of the Mortgage Loan applicationorigination date, and within 12 months of the Closing Date. The appraisal is signed by an appraiser who is a qualified appraiser, duly appointed by , whoMember of the Appraisal Institute (“MAI”) and, to the Seller’s knowledge, had no interest, direct or indirectindirect, in the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, andLoan. Each appraiser has represented in such appraisal or in a supplemental letter that the appraisal and appraiser both satisfysatisfies the requirements of Fannie Mae, Freddie Macthe “Uniform Standards of Professional Appraisal Practice” as adopted by the Appraisal Standards Board of the Appraisal Foundation. Each appraisal contains a statement, or FHA and Title XIis accompanied by a letter from the appraiser, to the effect that the appraisal was performed in accordance with the requirements of the Financial Institutions Reform, Recovery,Recovery and Enforcement Act of 1989 and the regulations promulgated thereunder, all1989, as in effect on the date thesuch Mortgage Loan was originated or # a property inspection waiver.originated.

Appraisal. The Mortgage File contains either # an appraisal of the related Mortgaged Property signed prior to the approvalwith an appraisal date within 6 months of the Mortgage Loan applicationorigination date, and within 12 months of the Closing Date. The appraisal is signed by an appraiser who is a qualified appraiser, duly appointed byMember of the Appraisal Institute (“MAI”) and, to the C" data-ad-field-type="organization" data-ad-field-json='{"name":"Organization C","type":"organization","canGuess":{"name":false,"type":false}}'>​, whoA:Organization_’s knowledge, had no interest, direct or indirectindirect, in the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, andLoan. Each appraiser has represented in such appraisal or in a supplemental letter that the appraisal and appraiser both satisfysatisfies the requirements of Fannie Mae, Freddie Macthe “Uniform Standards of Professional Appraisal Practice” as adopted by the Appraisal Standards Board of the Appraisal Foundation. Each appraisal contains a statement, or FHA and Title XIis accompanied by a letter from the appraiser, to the effect that the appraisal was performed in accordance with the requirements of the Financial Institutions Reform, Recovery,Recovery and Enforcement Act of 1989 and the regulations promulgated thereunder, all1989, as in effect on the date thesuch Mortgage Loan was originated or # a property inspection waiver.originated.

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