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May a lender accept an appraisal prepared by an appraiser that was ordered by a mortgage broker?

April 26, 2017appraisal appraiser Lender mortgage broker ordered prepared

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May a lender accept an appraisal prepared by an appraiser that was ordered by a mortgage broker?

3 Answers

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No. The Code does not allow a lender to accept an appraisal prepared by an appraiser that was ordered by a mortgage broker as noted in Section IIIA. of the Code.

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No. The Code does not allow a lender to accept an appraisal prepared by an appraiser that was ordered by a mortgage broker as noted in Section IIIA. of the Code. Q33.

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No. The Code does not allow a lender to accept an appraisal prepared by an appraiser that was ordered by a mortgage broker as noted in Section IIIA. of the Code. Q42. May a mortgage broker provide the lender with an approved appraiser list for the lender to use when ordering appraisals for that particular broker? No.