A branch manager asks about a loan file because a loan officer wants the appraiser to raise the value to make the deal work. What should happen?
Correct Answer
C) Do not pressure the appraiser to reach a target value
Lines 215-219; 12 CFR 1026.42(c). Appraisal independence bars pressure or inducements that affect the valuation result. Therefore, the correct response is "Do not pressure the appraiser to reach a target value".
Why This Is the Correct Answer
Lines 215-219; 12 CFR 1026.42(c). Appraisal independence bars pressure or inducements that affect the valuation result. Therefore, the correct response is "Do not pressure the appraiser to reach a target value".
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A mortgage file is paused during a lock-desk handoff because of Dodd Frank MLO Compensation. Which answer should match the file facts to the correct rule?
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