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If a lender finds an error or problem with an appraisal, is the lender allowed to contact the appraiser to correct the error?

April 26, 2017allowed appraisal appraiser contact Error Lender problem

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If a lender finds an error or problem with an appraisal, is the lender allowed to contact the appraiser to correct the error?

1 Answer

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Yes. Nothing prohibits the lender from requesting that an appraiser (i) provide additional information or explanation about the basis for valuation or (ii) correct objective factual errors in an appraisal report as outlined in Section I.C. of the Code.