Can an appraiser’s information be omitted from the appraisal report prior to sending it to the borrower?
No. A complete, unaltered copy of the appraisal report must be provided to the borrower. • If two appraisals are obtained as part of the underwriting process, does a lender have to provide copies of both appraisal reports to the borrower or only a copy of the appraisal used to determine value? Section II of the Code requires that the borrower be provided with a copy of “any” appraisal report; therefore, copies of all appraisal reports obtained must be provided to the borrower.
