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Is a lender’s in-house appraiser permitted to adjust the value of an appraisal during an appraisal review as part of a pre-funding or post-funding quality control process?

April 26, 2017appraisal appraiser in-house Lender permitted post-funding pre-funding review value

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Is a lender’s in-house appraiser permitted to adjust the value of an appraisal during an appraisal review as part of a pre-funding or post-funding quality control process?

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Yes. A lender may use an appraisal that has been adjusted by an in-house appraiser during a review process. AIR does not prohibit the underwriting of an appraisal by a lender’s underwriting staff nor does it prohibit a lender’s due diligence in originating a loan.