Information about the 1004MC Spreadsheet
The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum is required with all one- to four-unit property appraisals performed on or after April 1, 2009. This requirement applies to loans delivered to Fannie Mae and Freddie Mac.
An in-depth training presentation and FAQ are available at:
https://www.efanniemae.com/sf/formsdocs/forms/1004mc.jsp
The 1004MC export is built in to Matrix, and is very easy to use. Here are the instructions to utilize the 1004MC export.
- Perform your search
- From the Results screen, select the properties to include
- Select "Export" from the bottom menu
- Select "1004MC" from the Export File Format drop-down menu
- Click "Export" to generate the 1004MC form.
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