Doesn’t the lender decide which appraisal firm to use?
A. Industry standards are changing all the time. Currently, HVCC (Home Valuation Code of Conduct) dictates that conventional loan appraisals must go through an AMC (Appraisal Management Company) to allow for appropriate distance between the appraiser (who is an unbiased evaluator of the property’s value) and the lender. As of 01/08/2010 FHA appraisers are selected by the mortgage company but this is potentially changing as of February 2010. More than likely Ascot Appraisals is already on your lenders “approved list” if not, we can quickly provide your lender with the necessary documentation to become approved.
Related Questions
- Residents are supposed to have reasonable access to a telephone so that they can call the Ombudsman. Doesn’t the facility get to decide what reasonable means?
- Suppose after I obtain an appraisal I decide to sell my pewter. Can the PCCA provide a list of collectors or dealers who might want to buy my pewter?
- Does a user firm require a partner or employee to be a member of a certain appraisal organization?
