Frequently asked questions · Appraisal
Who orders the appraisal?
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The lender always orders the appraisal. One of the most misunderstood aspects of an appraisal in the mortgage process that it is performed at the request of the lender, not the buyer or homeowner. While the borrower typically pays for the appraisal, the client of the appraiser and the intended user of the appraisal report is the lender.
Last updated March 28, 2024 · Informed Mortgage LLC, NMLS #2523172. General information, not a rate quote or a commitment to lend.