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Does the Code apply to non-origination valuation activities such as appraisals performed for loss mitigation activities?

April 26, 2017activities appraisals code loss mitigation non-origination Performed valuation

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Does the Code apply to non-origination valuation activities such as appraisals performed for loss mitigation activities?

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No. The Code only applies to the loan origination process. It does not apply to a lender’s foreclosure/REO process, workouts, or any other type of loss mitigation activity.