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re: Appraisal company didn't appraise house we have under contract for enough....

Posted on 5/13/17 at 7:53 am to
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 5/13/17 at 7:53 am to
Not to mention the lender is the one that more than likely ordered the appraisal and knows the appraiser personally.
Posted by PurpleandGold Motown
Birmingham, Alabama
Member since Oct 2007
22104 posts
Posted on 5/13/17 at 8:11 am to
quote:

Not to mention the lender is the one that more than likely ordered the appraisal and knows the appraiser personally.


THey might know the appraiser, but they had little to do with picking the appraiser. Today, everything is done my lists of approved appraisers. Loan officer has little to no input.

All these regs came into being after 2008.

One of the reasons I quit the industry, it became impossible for a junior appraiser to get work.
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