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*Required Fields

Before an appraiser accepts an assignment knowing the intended use of the appraisal is, or may be, for a federally related transaction by a federally insured depository institution, it is that appraiser’s responsibility to disclose to the prospective client that the lender or its agent is required to directly engage the appraiser. The appraiser should also disclose to the prospective client that it is unethical for the appraiser to later "readdress" or otherwise change the report to indicate a federally insured depository institution was the client when the appraisal was performed for another party

 *Select yes to acknowledge you understand who should order the appraisal

Mortgage Company Information

Mortgage Company*

Address*Suite

City*State*Zip Code*

Phone*Extension

Loan Officer*

Loan Officer Email*    Email for Appraisal (If Different)

THE ISSUE:

After an assignment has been completed and the report has been delivered, an appraiser may be asked to "readdress" (transfer) the report to another party. Does USPAP allow an appraiser to "readdress" (transfer) a report by altering it to indicate a new recipient as the client or additional intended user when the original report was completed for another party?

No. Once a report has been prepared for a named client(s) and any other identified intended users and for an identified intended use, the appraiser cannot "readdress" (transfer) the report to another party.

 

USPAP defines the Client as:

 The party or parties who engage an appraiser (by employment or contract) in a specific assignment. (Bold added for emphasis)

 *Select yes to acknowledge you understand the appraisal can not be reassigned, transferred or used by anyone other than the named client.

Appraisal Client (Company on the appraisal. If you are with a broker and the company financing the loan requires their name on the appraisal)

 *If same as above proceed to Borrower Information

Name

AddressSuite

CityStateZip Code              

Borrower Information

Name*

Address*

City*State MD Zip Code*

Home Phone*

Contact 1 Name

WorkExtension    Cell    Email

Contact 2 Name

WorkExtension    Cell    Email

Type of Appraisal (Form)*

 FHA #

Purpose of the appraisal*

 *

Payment*

 

Sales Information (Please fax or email the contract) orders@capitolappraisal.net

Agent / Contact

PhoneCell

Sales PriceLoan AmountLTV

Owner's Estimate

Property Information (If Known)mailto:orders@capitolappraisal.net?subject=Order

Recent Renovations mailto:orders@capitolappraisal.net?subject=Order

Comments/suggestions

                                                       

Contact Information

Telephone
410 360-6500
Toll Free
877 3MD-URAR (363-8727)
FAX    
410 360-6218
Postal address
P.O. Box 946, Pasadena, MD 21123
Electronic mail
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