VolcanoLvr
Senior Member
- Joined
- Oct 30, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Washington
It's been 8+ years since I accepted 'payment at the door' from someone at the subject property. (Except for Private Assignments.)
A peer asked me this question today....and I'm not quite sure how to respond. I think the GSE's would not approve if the mortgage loan is a refi or purchase, due to the D-F Appraisal Independence Requirements. However, if a lender portfolio loan, maybe so. USPAP is silent on 'fee payment.'
What say you to this......?
"I have a lender I do work with from time to time that just sent me an email that they are now going to have us appraisers collect payment at time of inspection for the appraisal fee and suggested obtaining a service on my mobile device to accept credit card payments. Would I be in non compliance if I began this practice?"
A peer asked me this question today....and I'm not quite sure how to respond. I think the GSE's would not approve if the mortgage loan is a refi or purchase, due to the D-F Appraisal Independence Requirements. However, if a lender portfolio loan, maybe so. USPAP is silent on 'fee payment.'
What say you to this......?
"I have a lender I do work with from time to time that just sent me an email that they are now going to have us appraisers collect payment at time of inspection for the appraisal fee and suggested obtaining a service on my mobile device to accept credit card payments. Would I be in non compliance if I began this practice?"