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#1
08-22-2007, 01:10 PM
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Lender Request A Name Change On The Report
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.  |
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#2
08-22-2007, 01:12 PM
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Welcome to the forum!
 We go through this issue regularly on this forum! AO 26 says no we cannot do that! Quote:
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#4
08-22-2007, 01:14 PM
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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. |
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#5
08-22-2007, 01:17 PM
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Sorry about some of the other responses!
Quote:
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#7
08-22-2007, 01:38 PM
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THANK YOU. |
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#8
08-22-2007, 01:41 PM
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VERY INFORMATIVE!! THANK YOU. |
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#9
08-22-2007, 01:46 PM
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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 by Carnivore : 07-13-2008 at 07:42 AM. |
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#10
08-22-2007, 01:49 PM
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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.
__________________
I don't need no stinkin' signature line. |
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