Self Service Center

Bridge Appraisal Management Corp. adheres to the appraisal independence requirements/guidelines as established by the Dodd-Frank Act, Fannie Mae, Freddie Mac and the Department of Housing and Urban Development (HUD).

Bridge Appraisal Management believes in building lasting relationships with clients based on mutual trust. All appraisers engaged by Bridge Appraisal Management are at a minimum, licensed or certified by the state in which the property to be appraised is located.

No employee, director, officer or agent of Bridge Appraisal Management shall influence or attempt to influence the development, reporting, result or review of an appraisal through coercion, extortion, collusion, compensation, inducement, intimidation, bribery or any other manner including but not limited to:

• Withholding or threatening to withhold timely payment or partial payment for an appraisal report
• Withholding or threatening to withhold future business from an appraiser, or demoting or terminating or threatening to demote or terminate an appraiser
• Expressly or impliedly promising future business, promotions, or increased compensation for an appraiser
• Conditioning the ordering of an appraisal report or the payment of an appraisal fee or salary or bonus on the opinion, conclusion or valuation to be reached or on a preliminary value estimate requested from an appraiser
• Requesting that an appraiser provide an estimated, predetermined, or desired valuation in an appraisal report prior to the completion of the appraisal report or requesting that an appraiser provide estimated values or comparable sales at any time prior to the appraiser’s completion of the appraisal report
• Providing to an appraiser an[d] anticipated, estimated, encouraged, or desired value for a subject property or a proposed or target amount to be loaned to the borrower except that a copy of the sales contract for purchase transactions may be provided
• Providing to an appraiser, appraisal company, appraisal management company, or any entity or person related to the appraiser, appraisal company, or appraisal management company, stock or other financial or non-financial benefits
• Removing an appraiser from the list of qualified appraisers, or adding an appraiser to an exclusionary list of disapproved appraisers, in the connection with the influencing or attempting to influence an appraisal as described above (this prohibition does not preclude the management of appraiser lists for bona fide administrative or quality-control reasons based on written policy); or
• Any other act or practice that impairs or attempts to impair and appraiser’s independence, objectivity, or impartiality or violates law or regulation including but not limited to the Truth In Lending Act (TILA) and regulation Z or the USPAP

Nothing in this section shall be construed as prohibiting Bridge Appraisal Management (or the lender) from requesting that an appraiser (i) provide additional information or explanation about the basis for a valuation, or (ii) correct objective factual errors in an appraisal report.