BREAKING NEWS: Last week we published a special edition about the Rapattoni cyberattack that shut down some MLS systems in 12 states. Yesterday Freddie Mac weighed in—in an email to their subscribers explaining what the outage means for appraisers and lenders and suggesting some temporary workarounds (such as RPR).
Listen in as Bryan and Scott Reuter reiterate that appraisers should only complete assignments when we're "confident the results are credible." That means appraisers in affected areas may need to inform clients that certain appraisal assignments may be delayed. Reuter also stresses that lenders should not pressure appraisers to complete assignments while data is inaccessible.
You can subscribe to future Freddie Mac email updates at this link.
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