Yes! SAMCO Appraisal Management Company has placed prominently on the appraisal order/delivery system and throughout the website, a link where an appraiser may quickly report, in writing, pressure by any person or affiliate of the lender to obtain a pre-determined value or engage in any unethical behavior. This e-mail link is [email protected]. The procedure to report unethical behavior is clearly defined and communicated in the appraiser engagement package as well as in the client's service agreement. This procedure complies completely with the Dodd-Frank Act, Federal Reserve Interim Final Rule, 2010 HUD-FHA Mortgagee Letter 2009-28, 2010 Interagency Appraisal and Evaluation Guidelines (OCC, OTS, FDIC, NCUA, and the Federal Reserve Board) and Fannie/Freddie's Appraiser Independence Requirements (October 15, 2010).
