Lender Letter LL-2020-04 says that reports for desktop appraisals must include subject photos. What photos are required?
At a minimum, there must be a front photo of the subject property. Additionally, in order to pass through automated review systems used by many lenders and AMCs, it may be necessary for the report to include all photos required for an appraisal based on an interior and exterior inspection. In such cases, an appraiser should include all photos that are available.
Except for the required front photo, for photos that are not available, an appraiser may include a photo of a statement saying that the photo was not available.
For more information, refer to the published Lender Letter LL-2020-04, Impact of COVID-19 on Appraisals.