Voice Of Appraisal

[BRCJR]

i don't see it that way. if every appraiser that worked for denis' company was already approved by the lender where is the issue? that's how all shops worked - get the staff approved by a client and then assign the order as needed.

Not arguing how it worked. My point is it was in violation of the regs in place at that time. Interagency Appraisal and Evaluation Guidelines published 1994.

 

[hastalavista]

"Today's standards" regarding appraiser selection have been in place since 1994. It may have been common practice but, it was still a violation of the IAEG. I understand many did not even know what IAEG was until December 2, 2010 when D-F put them on the map.

I hear you and I don't want to cut the baloney too thin. And, I appreciate your point that this is a lender requirement.
Here is my bet: At the time, approval of the firm was consistent with the standard practice that was prevalent and the regulatory enforcement that existed under the regulations at that time. Since then, times have changed.

 

[timd354]

Here is my bet: At the time, approval of the firm was consistent with the standard practice that was prevalent and the regulatory enforcement that existed under the regulations at that time.

I think that is exactly correct.