No. of Recommendations: 0
WotPeed wrote: Do you know if direct lenders have their own in-house appraisers or do they farm that stuff out? If I were to get my own appraisal would they consider it?

According to HVCC (Home Valuation Code of Conduct), all lenders of every type are supposed to hire independent appraisers. The practical reality is that some lenders created their own "independent" third party appraisers.

No, you can't hire your own appraisal.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.