Description

Covers: Appraiser and Evaluator Qualifications and Selection, Engagement Letters, Appraisals From Other Financial Institutions (including purchased participations), Third Party Arrangements, Useful Life of Appraisals, Appraiser/Evaluator/Lending Staff Independence, Appraisal/Evaluation Review, Appraisal Audits for Loans Sold on the Secondary Market, Reappraisals or Reevaluations of Collateral and Representations and Warranties.