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Lender Request A Name Change On The Report

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by KKING, Aug 22, 2007.

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  1. KKING

    KKING New Member

    0
    Aug 22, 2007
    Professional Status:
    Licensed Appraiser
    State:
    District of Columbia
    LENDER NAME CHANGES ON ALREADY COMPLETED AND TRANSMITTED APPRAISALS ARE NOT ACCEPTABLE, CORRECT.

    CAN ANYONE PROVIDE THIS RULE / DOCUMENTATION OR THE LINK WHERE THIS INFORMATION CAN BE OBTAINED. :new_multi: :new_multi:
     
  2. Midwest Guy

    Midwest Guy Senior Member

    0
    Dec 12, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Missouri
    Welcome to the forum! :new_smile-l:

    We go through this issue regularly on this forum! AO 26 says no we cannot do that!

     
  3. Joker

    Joker Elite Member

    0
    May 28, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Ohio
    <sigh>
    The DOCUMENTation is USPAP. Have you taken an update course?
     
  4. Randolph Kinney

    Randolph Kinney Elite Member
    Gold Supporting Member

    152
    Apr 7, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    You only have to read your copy of USPAP to find the "rule".

    You can, however, have the new client order an appraisal from you to establish a new client relationship for the same property. You can discount the fee. The new appraisal will have a new effective date for the inspection that you will do and a new signature date. You can reuse the market data or anything that is not lender specific from the old report.
     
  5. Midwest Guy

    Midwest Guy Senior Member

    0
    Dec 12, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Missouri
    Sorry about some of the other responses!


     
  6. KKING

    KKING New Member

    0
    Aug 22, 2007
    Professional Status:
    Licensed Appraiser
    State:
    District of Columbia
    Thank You Much.

    This Is Very Helpful.
     
  7. KKING

    KKING New Member

    0
    Aug 22, 2007
    Professional Status:
    Licensed Appraiser
    State:
    District of Columbia

    THANK YOU.
     
  8. KKING

    KKING New Member

    0
    Aug 22, 2007
    Professional Status:
    Licensed Appraiser
    State:
    District of Columbia

    VERY INFORMATIVE!!

    THANK YOU. :new_smile-l:
     
  9. Carnivore

    Carnivore Elite Member

    4
    Jan 15, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    here wave this in front of them

    geez it is never going to end...

    Tell us, is this a REAL bank, like a FDIC Bank.

    If it is, give me there name. I will call there Compliance department!!
     
    Last edited: Jul 13, 2008
  10. Joker

    Joker Elite Member

    0
    May 28, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Ohio
    Don't apologize on my behalf. I do NOT apologize for expecting a licensed professional to know the minimum requirements. This isn't the newbie section. For crying out loud, someone who passed a state test should know this.
     
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