Lender Appraisal Function
The LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. :
- internal roles or job functions, including any employees that report up to the Chief Underwriter (but excluding any Lender Loan Origination FunctionsLender Loan Origination FunctionsAny:
Lender internal roles or job functions reporting up to the Chief Production Officer;
Lender employees who receive a commission or bonus if the Mortgage Loan closes, including any employees or functions that report up to these roles and/or their immediate supervisor;
Mortgage Loan…), involved with the following AppraisalAppraisalWritten statement independently and impartially prepared by a qualified Appraiser stating an opinion of the Property's market value
as of a specific date, and
supported by the presentation and analysis of relevant market information.
-related responsibilities:
- engaging the AppraiserAppraiserPerson engaged to estimate a Property’s market value per USPAP. ;
- defining the Appraisal’sAppraisal’sWritten statement independently and impartially prepared by a qualified Appraiser stating an opinion of the Property's market value as of a specific date, and supported by the presentation and analysis of relevant market information. scope of work;
- managing the AppraiserAppraiserPerson engaged to estimate a Property’s market value per USPAP. ; or
- reviewing the AppraisalAppraisalWritten statement independently and impartially prepared by a qualified Appraiser stating an opinion of the Property's market value as of a specific date, and supported by the presentation and analysis of relevant market information. ; and
- employees or Outside PartiesOutside PartiesPerson you retain to perform services for multifamily Mortgage Loans (e.g., Appraisers, inspectors, Correspondents, law firms, engineers, environmental consultants, and Brokers, title companies, or title agents). who perform or manage those job functions.
Synonyms
Lender Appraisal Functions