The appraisal process is undergoing some major changes. Mainly, being able to request a specific appraiser for a specific job is a thing of the past. Every lender is implementing a process to adhere to the Home Valuation Code of Conduct. Which means, appraisals will be ordered on a rotational basis depending on each lender's process. In addition to that, direct communication with the appraisers is now extremely limited.
This is such a bummer for me! I like being able to work with the appraisers I choose because they will let me know if there is a potential issue with a property. Also, if I have a relationship with them, sometime they will not charge of the borrower cancels out on the deal. Let's see how streamline they will make this new process.
Underwriter at your hands. I have underwriting approval authority which will provide a smoother transaction and upfront conditions.
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