Transaction Type

[Bobby Bucks]

There should be a different invoice.

There should be an invoice for the answers to this type of thread.

 

[Dublin ohio]

There should be an invoice for the answers to this type of thread.

With C & R fee

 

[BarrySW1963]

I would think that other things changed as well: ownership, occupancy (might still be owner-occupied, but with different owners, since it sold), now no need to review and comment on a contract, but need to note it was offered and sold. Need to note the recent sale in the other section of the 1004, new/updated 1004MC. Occasionally the predominant price will change, albeit modestly, depending on how big the market it, and if its moving.

 

[residentialguy]

Is this a serious thread? Are there no qualifications to be an underwriter reviewing appraisals?

 

[Amy Perkins]

I am an UW and reviewing an appraisal. The appraiser originally completed the purchase transaction appraisal and now they are refinancing a month later and it appears that the appraiser just changed the transaction type to refinance and nothing else changed.

Can an appraiser do that or is that a USPAP violation?

Yes, as long as he discloses it. It is considered a "new order."

 

[Amy Perkins]

Also, he needs to change the date of the report.

 

[Walter Kirk]

Do you have an appraisal license?

 

[BRCJR]

Is this a serious thread? Are there no qualifications to be an underwriter reviewing appraisals?

Yes, there are qualifications.....are they enforced is the real question to be asked.

Page 16 of 45 Interagency Appraisal and Evaluation Guidelines addresses this very thing.