COVID-19 Policy Updates for Conventional loans
Extension of Temporary COVID-19 Policies on Conventional loans
The GSEs announced today their extension of the temporary flexibilities regarding verification of employment and appraisal inspection flexibilities for loan applications dated on or before March 31, 2021:
- The flexibilities for verifications of employment to be completed by the Borrower’s direct supervisor/manager or HR; and
- The flexibilities allowing Desktop Appraisal, or Exterior-Only Inspections and repair completion reports.
Please click below to read the entire bulletin.