Can anyone guess what I am seeing in this letter? Hint: This is posted on the USPAP Forum. Dear Appraisal Partners, We received an email from one of our lenders requiring new guidelines that Provident Lending is requiring on Appraisals. See below on the new requirements. If you receive an order from Frontier that has Provident listed as the Lender please follow these guidelines: Provident Guideline Update - Appraisal Guidelines Provident Funding is amending the appraisal requirements for all of its loan programs. The changes include: The Maximum Distance for Comparables is 0.5 (Urban), 1.0 (Suburban), and 5.0 miles (Rural). Comparables that exceed the distances above will not be accepted. The Maximum Comparable Age is 3 months from the date of the property inspection as listed on the appraisal. One comparable may have a sale date not to exceed 6 months if the remaining two are within 3 months. The Underwriter is responsible for including both of these changes in their review of the appraisal. If the comparables provided do not meet these requirements, additional comparables must be conditioned for. If the appraiser is unable to provide them, a Desk Review must be ordered. An Appraisal Desk Review is also now required for all Second Mortgages, unless one was ordered on the First Mortgage.