Common use of Appraisal Monitoring Clause in Contracts

Appraisal Monitoring. The Appraisal Department shall review twenty percent (20%) of all Appraisals for Refinance Loans submitted for approval (which review may be pre- or post-funding) as part of its existing internal quality control procedures. Review appraisers must be independent of Loan sales and shall be assigned to review Appraisals from no more than ten (10) specific states within the same geographic region.

Appears in 5 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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