Who Can Review Appraisals? The FDIC Weighs In.
Wednesday, November 30
There is a mandate that all appraisals be reviewed prior to the final credit decision. In some cases, in a residential context, with the prior approval of a federal regulator, you may be able to move to a sampling methodology instead of reviewing each appraisal, but the basic mandate is that ever...
5 Tips for Navigating an Issue with an Appraiser
Friday, November 04
We’ve put together some suggested best practices that may be helping when working with appraisers:Document Have written policies and procedures.Document USPAP violations, unprofessional conduct, unethical conduct, and contractual breaches.Notify Provide appraisers with written notice of their rem...