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Which form to use?

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mattk1

Freshman Member
Joined
Mar 29, 2023
Professional Status
Certified Residential Appraiser
State
Pennsylvania
Homeowner requested appraisal for PMI removal. I have done these assignments before but they were always ordered by the lender/AMC. This is the first request directly from homeowner who indicates that his lender told him to find an appraiser. Question...would you do the report using the GP Residential form or a 1004 form? Thanks
 
Homeowner requested appraisal for PMI removal. I have done these assignments before but they were always ordered by the lender/AMC. This is the first request directly from homeowner who indicates that his lender told him to find an appraiser. Question...would you do the report using the GP Residential form or a 1004 form? Thanks
GP form.
 
I've done a lot of those. I contact the lender to see which form they require.

Also, its not unusual for the owner to contact the appraiser directly in these instances. Collect the fee up front from the owner.
 
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