Must applicants be provided with the ability to contest the appraisal (hint: yes, through the ROV proves). How should this be handled? Are there additional requirements for FHA lenders, or those that sell loans to Fannie or Freddie?
We’ll provide in-depth answers to all these questions and discuss all the details of the appraisal and valuation process, from both the lender and appraiser side of the game (including USPAP requirements), to provide a thorough understanding of what is required and what you need.