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  • Can I request MI with an appraisal in another lender’s name?

    - by Donna Malecki

    Can I request MI with an appraisal in another lender’s name?

    Appraisals may be assigned from one lender to another and it is the lender’s responsibility to document the transfer in accordance with Agency requirements prior to closing.   Arch MI will assume the lender accepts the appraisal and warrants it meets Appraiser Independence Requirements.  No further documentation is required by Arch MI.