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#2106369 - 11/08/16 05:46 PM VA Appraisers
nulurch12 Offline
Member
Joined: Aug 2015
Posts: 86
NYC
Does anyone know what the lenders responsibility is in regards to vetting whether an appraiser is in good standing for VA transactions?
For non VA loans we utilize an AMC to provide appraisal services and we perform a due diligence review on the AMC. However, for VA loans the appraiser is assigned by the VA and no one I have called there can answer if and what their process is for verifying the appraiser is in good standing.

Any direction on this topic would be helpful.

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#2107104 - 11/12/16 05:07 PM Re: VA Appraisers nulurch12
nulurch12 Offline
Member
Joined: Aug 2015
Posts: 86
NYC
I was able to obtain guidance directly form the VA and they did confirm that they complete a full review on their approved appraisers similar to that of an appraisal management company.

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