The Appraiser Independence Requirements and its precursor, the Home Valuation Code of Conduct, changed the process for lenders ordering appraisals.

Since its adoption in 2010, AIR has certainly complicated the relationship between lenders and appraisers. Most lenders sought appraisers who were highly skilled, but now the ability to specify them as their appraiser of choice is gone.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry