Skimping on the Appraisal?
You could be throwing caution to the wind.
In a changing appraisal marketplace, financial institutions may be tempted to skimp on appraisal services. Loosened regulations could tempt you to throw caution to the wind, which could have dangerous consequences.
Today, more than ever, it's essential to protect buyers, sellers, and yourself in real estate transactions. Hiring appraisers who only meet minimum state licensing requirements or neglecting to obtain an appraisal altogether can cause serious, long-term problems.
A designated member of the Appraisal Institute can help you avoid liability concerns. With quality appraisals on file to support the safety and soundness of your loans, you can prevent problems with potential buyers and with the bank examiner.
To protect yourself and all parties, it is vital to choose an appraiser who holds professional designation-solid evidence of superior ability and experience. Appraisal Institute members who hold the MAI,
SRPA, SREA, SRA, or RM designations are among the most qualified appraisers in the industry.
Why throw caution to the wind? Protect yourself with a reliable, carefully documented appraisal by a member of the Appraisal Institute.