A CRMP is aware that their company is using an appraisal management company with a financial relationship to the lender. What should they do?
-
A
Accept the arrangement as standard lender practice
-
B
Disclose the relationship to the borrower and ensure appraisal independence requirements are met
-
C
Order a second appraisal without disclosing the concern
-
D
Report only if the appraisal value seems inflated