lender transfer of case number

[Mike Seward]

We completed and delivered an FHA (mfg. home) appraisal for lender A. The borrower decided to use lender B.

Lender A has transferred the case number to lender B.

Now, lender B is calling me with brand new stips unique to their UW requirements.

My initial train of thought is to tell lender B that they are not my client and to have a nice day. But, since this is an FHA loan, I thought I would ask you experts.

Thanks in advance.

Mike Seward

 

[RSW]

You are correct that lender B is not your client. You have no obligation to lender B and should not provide any information to them.

 

[Mike Seward]

Per a HUD appraiser in the Atlanta HOC, I cannot make any changes in the appraisal report.

 

[train]

That's funny. Someone in the Atlanta HOC just told me I could make changes.

 

[Mike Seward]

The first person I spoke to said they weren't sure. Then they transferred me to an appraiser who said no.
The new lender wanted me to "put the report in their name" as well as to make significant changes to satisfy their unique underwriting requirements.
It wasn't just to correct a typo.

 

[CANative]

I'll bet Brad Pack and his crew get a good chuckle watching us flopping around on the floor and glubbing like fish.

Lender B is Lender B. Your client was Lender A. You can't disclose confidential information or assignment results to anyone but your client. Therefore you can't help Lender B in the way that they want help. They either have to accept the appraisal as it is or wait 3 more months and order a new appraisal.

We didn't make the rules. We just have to follow them. Same for Lender B.

 

[Michael Tipton]

I fax, e-mail or otherwise reference the attached pdf file whenever FHA lender transfers is requested. Note, it is called lender transfers not appraisal transfers. Lender A is to provide the report to Lender B.

m2: