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#2258803 - 08/26/21 07:29 PM Appraisal Question
Comply Central Offline
Member
Joined: Aug 2018
Posts: 61
Do any of you accept Appraisals that were completed for other banks? We have an applicant that had an appraisal done about six months ago for another bank on a one year term loan. They are now applying to refinance with us and have asked to use the appraisal. The Appraiser is not on our approved list of Appraisers.

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Lending Compliance
#2258805 - 08/26/21 07:33 PM Re: Appraisal Question Comply Central
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,275
Galveston, TX
It is a business decision and would have to be addressed in your board approved Appraisal Policy , but the appraisal would need to be assigned to you directly from that other bank.
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#2258806 - 08/26/21 07:41 PM Re: Appraisal Question Comply Central
Comply Central Offline
Member
Joined: Aug 2018
Posts: 61
Thank you for your help.

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