Yes! The OCC, OTS, FDIC, NCUA, and Federal Reserve Board all have these standards. Whether for an in-house residential, commercial, or agricultural mortgage, a clear separation from the mortgage lending/processing department and the appraiser is required, along with documented audits/reviews of appraisals, and the FDIC examination teams reviewing the appraisal report for Appraisal Standards. This is now a universal compliance issue mandated by the 2010 Interagency Appraisal and Evaluation Guidelines.
