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Does AIR specifically prohibit a lender from ordering a second appraisal?

April 26, 2017air appraisal Lender ordering prohibit

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Does AIR specifically prohibit a lender from ordering a second appraisal?

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No. A lender is only prohibited from ordering a second appraisal if the lender is attempting to influence the outcome of the first appraisal or for the purpose of value shopping. For risk mitigation of certain loan products, it may be a common practice for a lender to order more than one appraisal. Section II of AIR specifically addresses when it is permissible to order second appraisals.