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CUSTOMER ANNOUNCEMENTCA 2022-01 | March 1, 2022 fDesktop Appraisal Eligibility and Expanded Medical and Dental Professionals ProgramArch MI Announces Desktop Appraisal Eligibility, Increased Loan Limits for Our Medical and Dental Professionals Program and an Update to Financed MIOn February 2, 2022, Fannie Mae and Freddie Mac announced a new desktop appraisal option. For loans submitted or resubmitted to Loan Product Advisor® (LPASM) on or after March 6, 2022, and loans submitted or resubmitted to Desktop Underwriter® (DU®) on or after March 19, 2022, certain purchase transactions will receive a desktop appraisal offering. A desktop appraisal does not require a physical inspection of the subject property but instead relies on data provided by various sources such as the real estate agent, builder, appraiser files and public record information. Desktop appraisals must be completed using Fannie Mae Form 1004 Desktop or Freddie Mac Form 70D and include a floor plan.Arch MI’s position on d...