Lenders, Appraisers Responsible For Fees, Quality of Appraisals
April 19, 2010
The responsibility for ensuring high-quality appraisals at reasonable fees, acceptable turnaround times, and keeping a sharp eye on appraisal management companies lies with mortgage lenders and appraisers, not with the Federal Housing Administration, the agency said. In recently issued frequently-asked-questions guidance, the FHA made clear that the onus...