Transcription of Section 1.07 Appraisal Guidelines - STMPartners
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Section September 20, 2019 Appraisal Guidelines Page 1 of 147 Correspondent Seller Guide Broker Seller Guide Section Appraisal Guidelines In This Section This Section contains the following topics. Overview .. 3 Introduction .. 3 Guideline Summary .. 3 Related Bulletins .. 6 Appraisers .. 7 Appraiser Selection Criteria .. 7 Supervisory or Review Appraiser Update .. 8 Ineligible Appraisers .. 9 Government Appraisal Approved Lists .. 9 Appraiser Independence Requirements .. 10 Scope of the Code .. 10 Appraiser Engagement .. 10 Appraiser Requirements .. 10 In-house Staff Appraisers .. 10 Appraiser Compensation .. 11 Settlement Services Provider .. 11 Prohibited Activities .. 11 Misconduct .. 12 Review of Appraised Values .. 13 General .. 13 Ineligible Appraisal Reports .. 13 Exceptions to Ineligible Appraisal Reports.
Section 1.07 October 05, 2018 Appraisal Guidelines Page 3 of 147 Correspondent Seller Guide Broker Seller Guide Overview Introduction The safety and soundness of mortgage loans secured by real estate depends upon the adequacy of the underwriting supporting the transaction.
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