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Re: Using Appraisals from another FI

Home Forums Appraisal Rules Using Appraisals from another FI Re: Using Appraisals from another FI

#2746
JGo9
Participant

Kowsley,

I’ve always understood that an appraisal must be addressed to the bank and not another financial institution. Also, from what I know about USPAP, it would be a violation of USPAP for the appraiser to just change the name to another financial institution.

I would advise against this practice.