Guideline changes No more Broker - Appraisal Ordering

Beginning in May Lenders are not allowing Brokers to setup up Appraisal's directly with an appraisal company of their choice! If your wondering why? The reasons are many but it's mostly been done since many appraisers were surveyed and many stated they were pressured to "bring" in the value at certain numbers sometimes! In my professional opinion I think the move is a "dollar short and a day late" the economy has already pretty much done what a lot of us in the business wanted...take out the shady and "here today gone tomorrow" part time professionals! What this will do is hopefully keep the process flowing and hope it does not add more weeks to the Underwriting process which is about 3 to 4 weeks out in many banks! even for Good to Great Credit Borrowers! Like always shoot me an email or call at anytime with any questions you may have Take care! refionce@gmail.com or 951-943-2919 Office