Can I Choose My Arizona Appraiser?

Once upon a time mortgage lenders hand picked which appraiser handled which transactions.   However, today this question has the same chance of being answered "yes" as "can I pick my IRS auditor".  "NO". Regulators stripped Phoenix area mortgage lenders of this power long ago.  In fact, lenders can not hand pick an appraiser for FHA, VA, Conventional, USDA and JUMBO mortgage transactions.  Today, lenders manage appraisal assignment in 1 of 2 ways: 3rd party appraisal management company … [Read more...]