<<Most lenders use independent appraisers who have no axe one way or the other.>>
The implication of this statement is not true. It makes no difference if in-house or independent appraisers are used. If NFI wishes its appraisals to be lowballed, that�s what it will get. Please take on faith that I can speak with some authority on this subject.
Since this is just a side issue, let�s not belabor the point at this time and concentrate on more important matters.