Buying A Home
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Appraiser vs. Underwriter

We just heard that our underwriter is questioning our appraisal. Basically, the appraiser included comps that were on the other side of a major road. Properties sell for much more in that area, so the underwriter is completely right to question this. 

Does anyone have experience with this? I have always heard that appraisers don't like to change the value once they have assigned it. 

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Re: Appraiser vs. Underwriter

  • I work with our mortgage department at the bank and we get this every once in a while.  See if the appraiser can find closer comps that will keep the value the same or close.  I can't speak for all appraisers, but the ones we usually work with are willing to do what they can.
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  • They may order a second appraisal?
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