If a loan casefile receives an offer for the DU Refi Plus property fieldwork waiver, are there situations in which the lender would still need to obtain an appraisal?
Yes, there may be certain situations in which an appraisal needs to be obtained, even though the loan casefile was offered the DU Refi Plus property fieldwork waiver. As an example, if the lender has reason to believe that fieldwork is warranted based on additional information obtained about the property or subsequent events such as a hurricane or other natural disaster (i.e., property located within a FEMA disaster area that is eligible for individual assistance within two years of the disaster declaration date), or based on additional information provided by DU regarding the subject property and/or loan casefile, the minimum property fieldwork requirement specified by DU must be obtained, and the lender may not exercise the DU Refi Plus property fieldwork waiver. Another example would be when the lender is required by law to obtain an appraisal. In this situation, the lender may exercise the DU Refi Plus property fieldwork waiver. Q91. If an MI provider requires that the lender obtai
