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Are borrowers precluded from directly paying a mortgage broker, lender or AMC for an appraisal?

April 26, 2017AMC appraisal borrowers directly Lender mortgage broker paying precluded

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Are borrowers precluded from directly paying a mortgage broker, lender or AMC for an appraisal?

1 Answer

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No. The Code does not prohibit a borrower from directly paying a mortgage broker, a lender or AMC for an appraisal. However, the Code does not allow the borrower to directly pay the appraiser for an appraisal.