- Jul 13, 2013
- Professional Status
- Certified Residential Appraiser
We currently operate an appraisal business with five staff appraisers consisting of two certified generals, one certified residential, and two associate/licensed appraisers. The general responsibility roles within the company are that one of the certified general appraisers handle farmground, the other commercial, and the certified residential appraiser consumes the majority of the residential work. The two associates will work with all three as needed/available. Recently we had a lender that is requiring a certified general to sign as the supervisor on all reports, regardless of the property type. We've explained that this may not be in either parties best interests on residential reports due to the fact that in our company, the individuals with certified general licenses have limited exposure to residential properties and the UAD reporting format. I was curious to know others thoughts on this and any rationale for a policy such as this being in place.