Well I'm glad you'll be able to get what you need to do accomplished, and I guess I was judging that the LO was calling around and "dangling" the appraisal order/fee in front of the appraiser like a carrot to see who would be promising they can "hit the value". But your LO might have just been trying to find an appraiser who is able to see the big picture, and could've stumbled across a few appraisers at first who weren't familiar with the area or neighborhood. When I choose an appraiser I go to
https://entp.hud.gov/idapp/html/apprlook.cfm (as only FHA & USDA, and non-conforming loan programs can allow appraisers to still be selected by loan officers), I punch in the prooerty's zip code to narrow it down to appraisers in the area, I call them up and drill them about how familiar they are with the subject property neighborhood, let them know the home in question and if they seem to really know the area, I then compare their fee & turn time and use all of that to determine who the appraisal will be ordered from. We don't talk about value because the real estate agent has already reviewed comps to determine that the sales price should be supported by recent (3-6 months) & close (within .5 miles) comps.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Mortgage Broker located in Southern California and lending in all 50 states
Reach out anytime!
