To certify construction completion, what form must the appraiser complete under FHLMC?

Prepare for the NMLS Laws and Regulations Test with comprehensive flashcards and multiple-choice questions. Each question is crafted with hints and detailed explanations to aid understanding and help you excel in your exam!

Multiple Choice

To certify construction completion, what form must the appraiser complete under FHLMC?

Explanation:
Form 1004D is the form the appraiser uses to certify construction completion under Freddie Mac (FHLMC). It functions as an appraisal update that confirms the property is now complete and may reflect any changes in value or conditions resulting from the completion. This is different from the initial Uniform Residential Appraisal Report (Form 1004), which is used for the pre-completion appraisal, and from the loan application form (Form 1003).

Form 1004D is the form the appraiser uses to certify construction completion under Freddie Mac (FHLMC). It functions as an appraisal update that confirms the property is now complete and may reflect any changes in value or conditions resulting from the completion. This is different from the initial Uniform Residential Appraisal Report (Form 1004), which is used for the pre-completion appraisal, and from the loan application form (Form 1003).

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