Appraisal transfer letter 2025

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The appraisal report by a professional real estate agent is an important step because both your lender and yourself need to know the real value of the new home. It takes two to three weeks for an appraisal report to reach your lender.
Yes. A lender may accept an appraisal transfer from a different lender. However, the lender delivering the loan to Fannie Mae makes all representations and warranties that the loan complies with the requirements of the Fannie Mae Selling Guide and related documents.
USPAP requires a new assignment if the lender/client changes. If the appraiser simply switches the lender name, they are in violation of USPAP and putting their appraisal license at risk.
Once the appraisal has been logged, the appraiser that is listed as the one assigned to the case cannot be changed.
So long as a VA appraisal exists (completed by a VA appraiser) it can be transferred to another lender through the VA Portal. There are no XML files or SSR reports needed to use a VA appraisal.
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Although federally regulated financial institutions may transfer an appraisal to a different federally regulated financial institution, an appraiser cannot readdress (transfer) the report to another party.

appraisal transfer letter fannie mae