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re: Appraisal company didn't appraise house we have under contract for enough....
Posted on 5/13/17 at 8:11 am to MrLarson
Posted on 5/13/17 at 8:11 am to MrLarson
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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