The QC Concierge - June 2026

At QC Verify, we strive to be the leading provider of QC, Verification, and Validation Services in the mortgage banking industry. With our expertise and dedication to customer service and quality, we assist lenders in delivering accurate and compliant loan reports. 

                                                      FHA INFO 2026-13 UpdateFHA Mortgagee Letter 2026-131. Elimination of Mandatory Appraisal Field Reviews (Major QC Impact)

FHA removed the requirement to complete appraisal field reviews on a portion of QC loans (previously ~10% sample). Field reviews are now optional, allowing lenders to rely on desk reviews and automated tools. 

QC Impact:

• Reduces per-loan QC cost (field reviews averaged ~$425 each). 

• Aligns FHA with GSE appraisal QC practices (desk review/collateral component model).

• QC plans should be updated to redefine appraisal validation methodology and vendor oversight.These changes are effective immediately and QC Verify will follow FHA guidelines with June orders placed after July 1st. QC Verify will not order field review appraisals on FHA loans. Clients can still manually select field review appraisals during the order process if they wish to do so. Our team will still continue to conduct a collateral review assessment on all loans.  

2.  Alignment with Disaster‑Related QC FlexibilitiesFHA is permanently exempting certain Early Payment Defaults (EPDs) tied to disasters from QC samples.QC Impact:

• Disaster-related loan segmentation

• EPD classification logic  

3. Rescission of Important Notice to Homebuyers (HUD‑92900‑B)FHA formally rescinded the requirement for lenders to provide and obtain a signed HUD‑92900‑B (Important Notice to Homebuyers).

Lenders are no longer required to:

• Provide the form at application

• Obtain borrower signature

• Retain the form in the FHA case binderQC Impact:

• Origination QC reviews

• Pre‑endorsement audits

• Removes a historical documentation check from:

  QC teams should:

• Update checklist requirements (remove 92900‑B validation)

• Revise defect taxonomies (eliminate related findings)

• Ensure no overlays still require the form“ML 2026‑13 represents a significant shift in FHA’s QC expectations—moving away from prescriptive appraisal review mandates toward a more flexible, risk-based QC framework. Lenders should reassess their QC plans to ensure they maintain strong collateral risk oversight despite reduced regulatory requirements.”

                            UAD 3.6 (Fannie Mae/Freddie Mac ) - Upcoming Requirement

The GSEs are implementing UAD 3.6, a complete redesign of appraisal reporting.

Replaces legacy appraisal forms (e.g., 1004, 1073) with a single, dynamic Uniform Residential Appraisal Report (URAR).Timeline:Now (2026): Broad production — lenders may submit UAD 3.6 appraisals

November 2, 2026: Mandatory for all new appraisals delivered to Fannie Mae & Freddie Mac.**QC Verify is currently reviewing the existing checklists and component analysis to be in alignment with the new requirements. **

What’s Changing

• Shift from static forms → dynamic, data-driven reports

• Increased use of structured data (less free-form narrative)

• Standardized dataset aligned with MISMO 3.6

• Appraisals delivered via modernized data package (XML + PDF + images)

QC & Risk ImpactEnhances:

• Data consistency and comparability

• Automated QC and analytics capabilities

Requires lenders to:

• Update QC tools, rules, and review processes

• Adjust to data-driven defect identification vs. document review

• Likely to reduce subjectivity and revision cycles over time

                             A QC Perspective on the 2026 Condo Review Changes

As a mortgage quality control (QC) partner, our role is to spot risk before it becomes a repurchase issue—and the upcoming condominium review changes from Fannie Mae and Freddie Mac are exactly the kind of shift lenders can’t afford to overlook. We’re already advising our clients to recalibrate their condo review processes now, not later. Here’s what matters most from a QC standpoint. 

The condominium review changes announced by Fannie Mae and Freddie Mac in March 2026 mark a clear shift. More files will require comprehensive documentation and be scrutinized for missing or inconsistent data. What may have passed under a Limited or Streamlined Review in the past will now face a deeper examination of:

• HOA financials

• Reserve adequacy

• Insurance coverage

• Delinquencies and ownership concentration

The elimination of Limited/Streamlined Reviews is effective on applications taken August 3, 2026, which means lenders should tightening pre-funding review controls, enhance cross-document consistency checks, and prioritizing accuracy in insurance, reserves, and project eligibility to mitigate repurchase risk in an increasingly disciplined condo lending environment.

QC Verify is positioned to support lenders through these changes with condo review services, helping ensure compliance, reduce risk, and maintain loan quality.