Find a service provider that is responsible with their work and clients. This includes keeping client and appraisal details private, maintaining the highest professional standards and integrity.
Look for an trusted appraisal services who is a member of a recognized appraisal association. This shows they care about their career and are committed to being the best in their field.
An appraiser with a designation from a professional organization demonstrates that they have gone above and beyond state requirements for education, licensing and experience. You can also check out their profile on LinkedIn or their company website to see what type of work they specialize in, what types of properties they’ve appraised and any recommendations or endorsements they may have from colleagues or previous clients.
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A real estate appraisal is a serious undertaking, involving a thorough analysis of the property and comparable sales to develop an opinion of value. It requires a level of expertise that only comes with years of hands-on experience. A reliable appraisal is critical to a mortgage lending decision and to the overall well-being of our nation’s economy.
It is often stated that an appraiser’s responsibility is to protect the public trust. This statement has no basis in USPAP, which makes clear that the appraiser’s duty is to provide a credible value conclusion without any bias or conflict of interest. Furthermore, it is not logical to suggest that an appraiser can advocate for the lender/GSE or the borrower at the same time in a mortgage lending transaction and remain independent, impartial and objective.
