Honesty and Integrity: Herrin Appraisal Company

We have a lot of responsibilities as appraisers, but above everything we answer to our clients. Typically, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client. It's important to know that many matters pertaining to an assignment are to be shared with the appraiser's client. As a homeowner, if you would like to review an appraisal report, you generally should request it from your lender and not the appraiser.

Other responsibilities include numerical accuracy depending on the assignment's nature, acquiring and maintaining a particular level of competency and education, and naturally, the appraiser must bear a professional demeanor. Here at Herrin Appraisal Company, we take these ethical responsibilities very seriously.

Appraisers will regularly be obligated to consider the interests of third parties, including homeowners, both sellers and buyers, or others. Those third parties normally are spelled out in the appraisal assignment itself. An appraiser's fiduciary role is restricted to those parties who the appraiser knows, based on the scope of work or other written parameters of the order.

	Herrin Appraisal Company has an established track record for performing competent and ethically superior appraisals. Contact us today to learn more.

There are also ethical standards that have nothing to do with clients and others. For example, appraisers must store their work files for a minimum of five years - at Herrin Appraisal Company you can rest assured that we adhere to that rule.

We demand the highest professional integrity possible from ourselves. Working on orders where our fee is dependent on our value conclusion is never an option. That is, we can't agree to do an appraisal report and get paid only if the loan closes. Anyone should be able to see that fabricating a home's value to achieve what amounts to a bigger fee is unethical! We just don't do it.

Finally, the Uniform Standards of Professional Appraisal Practice (or simply "USPAP") also describes unethical behavior as accepting of an assignment that is contingent on "the reporting of a pre-determined result (e.g., opinion of value)", "a direction in assignment results that favors the cause of the client", or "the amount of a value opinion" in addition to other situations We follow these rules to the letter which means you can be assured we are doing everything we can to get you an accurate home or property value.

As soon as you engage Herrin Appraisal Company, we'll make sure you're getting the professional service you deserve along with the business principles we're known for.