Em Tee
Senior Member
- Joined
- Jan 14, 2002
- Professional Status
- Certified Residential Appraiser
- State
- California
They seem to be like Elle Mae or Encompass, it will all depend if the
the Primary Lender will accept the procedure. This sort of arrangement
lets a MB pick the appraiser like in the good old days. And this is just a
guess, but I'm thinking the MB staff does the UW/guideline stuff. Elle Mae
has a tie in with data and title products. How much do these guy charge?
It's my understanding that the HVCC states no appraisal will be accepted from a mortgage broker - it has to be ordered by the lender. Did I read that right?