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But more than just hiring the right appraiser with the right credentials and experience, lenders are ultimately responsible for the "quality of work" of the appraiser.
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Services Offered this Issue > American Society of Appraisers > 2017 AMC Guide > FHA Checklist and eBook > OREP Appraiser E&O Insurance > Adjustments CE (7 Hrs.) Support and defend your adjustments. Editor’s Note: This story is from the latest print edition of Working RE. Don’t miss the next issue! (Am I a Working…
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Services Offered this Issue > The Appraiser Coach > 2017 AMC Guide > FHA Checklist and eBook > OREP Appraiser E&O Insurance > Adjustments CE (7 Hrs.) Support and defend your adjustments. Editor’s Note: This story is from the latest print edition of Working RE. Don’t miss the next issue! (Am I…
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Services Offered this Issue > The Appraiser Coach > 2017 AMC Guide > FHA Checklist and eBook > OREP Appraiser E&O Insurance > Adjustments CE (7 Hrs.) Support and defend your adjustments. Editor’s Note: This story is from the latest print edition of Working RE. Don’t miss the next issue! (Am I a…
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Increasingly, appraisers indicate that underwriters are rejecting appraisal reports for vague reasons based on ambiguous results from CU analysis. Problems arise when these methods are not accessible or replicable for others to validate results.
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In other words, out of the many potential cases the FTC could have pursued against other state boards following the North Carolina Dental case, the FTC chose to focus on C&R appraisal fees as the first test of its new authority to sanction state boards for antitrust violations.
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Fannie Mae and Freddie Mac have both begun implementing their own appraisal waiver programs where an automated appraisal alternative will be accepted in lieu of a traditional appraisal.
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