Appraisals
Our Philosophy
We review appraisals to determine whether the reports meet our requirements and that the opinion of market value is adequately supported. The Freddie Mac Multifamily Seller/Servicer Guide (Guide) is an excellent resource for Optigo® lenders and appraisers alike — become familiar with the requirements set forth in Chapter 60.
Underwriting Appraisal Checklist
Freddie Mac underwriters complete a compliance checklist for the initial appraisals submitted to Freddie Mac for each loan/property. Optigo® lenders and appraisers are advised to review the checklist items and Chapter 60 of the Guide to ensure submitted appraisal reports meet all Freddie Mac requirements.
Learning Tools
Additional Resources
- Chapter 60 of the Seller/Servicer Guide
- Additional Appraisal Requirements Memorandum - 02/27/2025
- Multifamily Underwriting Appraisal Checklist - 02/14/2024
- Appraisal Revision Summary Template - 02/27/2025
- Appraisal Guide Compliance Checklist - 05/09/2023
- Appraiser Independence Requirements FAQs - 06/03/2024
- Appraisals Update Call FAQs - 12/11/2024
- Appraisal Forum 2023 Workbook - 12/19/23
- Multifamily Appraisal Forum 2023 FAQs - 12/21/2023
- Restricted Vendor List (For Optigo lenders only)
- Capitalization Rate Guidance - 03/28/2025
- Development of Capitalization Rates — Proforma vs T-12 - 06/03/2022
- Property Taxes in a Freddie Mac Appraisal - 10/30/2023
- Validating Large Value Increases Over a Short Time - 06/03/2022
- Valuing Non-Stabilized Multifamily Properties - 06/03/2022
- Consideration of Fire Damage or Other Insurance Proceeds in Appraisals - 06/03/2022
- SBL Appraisals - 50 Pages - 08/06/2019
- TAHX Appraisals - 75 Pages - 08/06/2019
- Multifamily Appraisal FAQs - 05/22/2022
- Real Estate Appraisals Best Practices - 06/04/2021
- Top 5 Appraisal Review Observations - 08/06/2019