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Correspondent Lending California Fire Disaster Policy - November 7, 2017

Announcement

November 7, 2017

Re: California Fires Disaster Policy

AIG Correspondent Lending has lifted the funding suspension currently in place for properties located in the following counties impacted by the northern California wildfires:

????Butte

????Lake

????Mendocino

????Napa

????Nevada

????Sonoma

????Yuba

Properties located in these counties will require a re-inspection dated after November 7th and must be completed by either the original appraiser or a third-party vendor such as but not limited to Clear Capital?, Summit Valuations?, or Pro Teck Valuation Services?.

????If the re-inspection report is completed by the original appraiser; ????the re-inspection must be completed on either form 1004D (Fannie ????Mae) or form 442 (Freddie Mac).

????The re-inspection must include exterior photos to support the ????inspector’s comments.

????The report must certify there is no damage to the subject property.

The re-inspection policy announced on October 17th remains in place for the following southern California

cities:

????Anaheim

????Anaheim Hills

????City of Orange

????Tustin

????North Tustin

?

These policies apply to all loans not yet purchased. Please contact Shane Larscheid, Vice President of Sales with any questions related to this announcement.

Thank you.

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