Leo123
Diamond Member
- Aug 26, 2017
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No, no, no. Banks have to use Appraisal Management companies today for all federally related loans. (Those going to Fannie, FHA, Freddie). 'Hard money' lenders can hire their own appraisers.Lenders always get their own.
Trust me the expansion of collateral was engineered from inside the loan agency. COMMISION $$$$.