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Are lenders allowed to use appraisals ordered by appraisal management companies that provide other settlement services for the same transaction?

April 26, 2017allowed appraisal appraisals companies lenders Management ordered Services

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Are lenders allowed to use appraisals ordered by appraisal management companies that provide other settlement services for the same transaction?

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Yes. Lenders may use appraisal management companies to obtain appraisals as long as they comply with the requirements of Section IV.C. of the Code.