A Mortgage Broker CANNOT order appraisal from an appraiser! (general)

by AC , Tuesday, May 05, 2009, 14:19 @ AC

What about mortgage brokers? Can a mortgage broker order an appraisal direct from an appraiser? No!

Effective 1 May 2009, Fannie Mae & Freddie Mac began no longer accepting appraisals which were ordered directly from the appraiser by a Mortgage Broker. See Question 41 of the Fannie Mae Fact Sheet: here