Sep 26, 2016 - 07:55 AM
It should be noted that the Dodd-Frank Act of 2010 included specific exceptions to appraiser independence requirements, allowing requests the appraiser revise an appraisal report to:
(1) Consider additional, appropriate property information, including the consideration of additional comparable properties to make or support an appraisal.
(2) Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.
(3) Correct errors in the appraisal report.