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#1904939 - 03/13/14 03:05 PM Revised Appraisals-REG B
Still Smiling Offline
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If information in a appraisal report changes are you required to wait another 3 days after providing the revised report?
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Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#1904940 - 03/13/14 03:07 PM Re: Revised Appraisals-REG B Still Smiling
rlcarey Online
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rlcarey
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Galveston, TX
You are giving appraisal copies out prior to review? Boy, I think that will create all kinds of issues with the borrower. By the way, how can you "change" an appraisal value?
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#1904950 - 03/13/14 03:20 PM Re: Revised Appraisals-REG B Still Smiling
Still Smiling Offline
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No actually we do not provide them prior to review, in this case an evaluation was ordered intitially but later in the loan process a full appraisal was ordered. Appraiser increased value based upon additional information. I think i answered my own question...I believe you would have to wait an additional 3 days unless a waiver is obtained.
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#1905016 - 03/13/14 04:08 PM Re: Revised Appraisals-REG B Still Smiling
John Burnett Offline
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John Burnett
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Cape Cod
I think your conclusion is correct, Still Smiling.
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#1905054 - 03/13/14 05:00 PM Re: Revised Appraisals-REG B Still Smiling
Still Smiling Offline
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Thanks John
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