Intended user question

[JM2187]

Here is a link to a document that may be helpful in clarifying this with a lender:

https://www.oid.ok.gov/wp-content/uploads/2019/10/022813_AppraisersAppraisalsYou.pdf

 

[togatour]

Is this an FHA appraisal? Where HUD/ FHA are intended users?

 

[togatour]

Is this an FHA appraisal? Where HUD/ FHA are intended users?

If it is an FHA report and the new lender finds deficiencies, they must order a new report.

 

[Fernando]

The new lender knows better. Don't let him fool you in disclosing more information on the appraisal.

 

[Cob]

if they use the report if the borrower provided them with it and do I have to respond. This actually sounds like it should be a new appraisal assignment

No.

It's NOT a new assignment unless they send you an engagement letter or appraisal request on the property, as of now, you have ZERO obligation to them and I would cease any communication with them, unless they send you an appraisal order for the property.

 

[Zoe]

Very simple.

They can do whatever they want with your report.

You CANNOT discuss, advise, make changes or anything since they are NOT the intended user.

They are not the client. Don't get in that crossfire. New assignment is fine. The OP was on target and wanted support.

 

[Sadie]

F/F allows lenders to transfer the report. USPAP does not allow you to discussed the transfered report with new lender. There is a FAQ on this.

 

[Zoe]

New assignment. New client is fine.

I am speaking appraisal only with your license.

Don't take my opinion on anything else relative you question you posed.

 

[Zoe]

F/F allows lenders to transfer the report. USPAP does not allow you to discussed the transfered report with new lender. There is a FAQ on this.

Who allows?

you hit me below the belt. You are pretty good.

 

[Zoe]

On the other hand CFPB is in the moment at hand on separation of fees and I can't find my girlfriend Ms. Joan.

She don't love me anymore.