Q & As Involved with Ordering the Appraisal
This webinar covers answers questions that occur during the ordering of the appraisals. Questions answered in this section:
- Can the loan officer directly contact the appraiser to order the appraisal?
- I need a “comp check”
- “can you make this value?”
- "minimum value needed“
- “can you tell me what it's worth so I don't have to spend my clients money on an appraisal if it won't make value”?
- Or any number of variants on the “minimum value needed”
- Can’t we ask the appraiser what “he thinks the value is” before we order an appraisal and spend the borrower’s money?
- The appraiser called and said the property would not appraise for $x. They have stopped the appraisal and will not charge for the work, is that acceptable?
- Can the appraiser collect a check at the door for the AMC or lender?
- Can the borrower select an appraiser from the lender’s approved appraiser list?
- Can a regulated institution accept an appraisal from a prospective borrower, that was ordered by the borrower and determine its acceptability based on a review?
- Can the appraiser “retype” or “reassign” an appraisal into a new lender’s name?
Duration: 1 hour 30 minutes
Price: One week access to the course for $15.00
At this time, there is no Continuing Education (CE) credit for online classes.