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

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Prepare for the NMLS Laws and Regulations Test with multiple choice questions and detailed explanations. Enhance your understanding and get ready to ace your exam with confidence!

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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