USPAP Appraisal Review Compliance: What AMCs and Lenders Get Wrong — and How to Fix It
Compliance in the appraisal world is a topic that generates a lot of nods and not nearly enough action. Every AMC and mortgage lender will tell you they take USPAP seriously. Fewer can tell you exactly what Standards 3 and 4 require of their review appraisers — or whether their current process actually meets those requirements.