Evidences the fair market value of the property that is security for the mortgage loan. The appraisal value is used to determine that the loan to market value ratio is in compliance with regulatory requirements. It also is used to determine any non-admitted mortgage loan amount.

Evidences the fair market value of the property that is security for the mortgage loan. The appraisal value is used to determine that the loan to market value ratio is in compliance with regulatory requirements. It also is used to determine any non-admitted mortgage loan amount.

Appraisals are obtained from:
A . Independent, qualified appraisers
B . The company’s own qualified appraisers
C . Federal Housing Administration
D . Any one out of A and B

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Answer: D