Supervisory Appraiser

As noted in the License and Certification section in this topic, Homium allows an unlicensed or uncertified appraiser, or trainee (or other similar classification) that works as an employee or subcontractor of a licensed or certified appraiser, to perform a significant amount of the appraisal (or the entire appraisal if they are qualified to do so), as long as the appraisal report is signed by a licensed or certified supervisory or review appraiser and is acceptable under state law.

If a supervisory appraiser is used, the supervisory appraiser does not need to physically inspect the subject property or comparables, but must sign the right side of the report and certify that they

• directly supervised the appraiser that prepared the appraisal report,

• have reviewed the appraisal report,

• agree with the statements and conclusions of the appraiser,

• agree to be bound by certifications as set forth in Fannie Mae’s appraisal report forms, and

• take full responsibility for the appraisal report.

A supervisory appraiser may not sign the left-hand side of the appraisal report unless they have met the requirements of the appraiser as noted in the License and Certification section in this topic.