[RANDY P]

ALso, every appraisal goes through an AVM comparison, if it fails that's a flag and then a field review happens. that 2nd appraisal was a field review, although it's pretty common it's usually a sign that something is pretty fouled up with the appraisal. Actually, I would ask your loan officer why they thought getting a field review was a good idea if the appraisal was that questionable. They kind of threw YOUR money at the deal.

They should've said, "hey it failed the value check, we can ORDER a field review, it's $400, and I don't know if that will make a difference, mr. customer, it's up to you."


A good loan officer can tell if the appraisal is gonna make it or not based on the comps chosen, and I would've strongly told you to drop it had the value not made it and I thought the appraisal sucked. It's a gray area since it seems that I could be talking you OUT of taking a loan of off the road of assistance, a big discrmination no-no.

In 15 some-odd years and probably close to 1,000 transactions of one sort of another I can honestly say I have had less than 5 field reviews I ordered. Then again, back then I got to choose the appraiser. NOt so anymore.