[Image of Citibank appraiser exclusion list]
Introduction
Hey readers! Are you trying to get your home appraisal done but facing roadblocks with Citibank’s appraiser exclusion list? Don’t worry; we’ve got you covered! This comprehensive guide will provide all the information you need to navigate this list and ensure a smooth appraisal process.
What is the Citibank Appraiser Exclusion List?
The Citibank appraiser exclusion list is a database maintained by Citibank that contains the names of appraisers who have been excluded from providing appraisals for Citibank-related transactions. This list aims to prevent conflicts of interest and ensure the independence of appraisers.
How to Check the Citibank Appraiser Exclusion List
Residential Appraisals
To check the exclusion list for residential appraisals, follow these steps:
- Visit the following link: https://www.efanniemae.com/mcl/mcl-lookup-public
- Enter the appraiser’s first and last name in the search fields.
- Select "Citibank" from the "Sponsor" dropdown menu.
- Click on "Search."
Commercial Appraisals
For commercial appraisals, contact Citibank directly to request access to the exclusion list.
Reasons for Exclusion
Appraisers may be excluded from the list for various reasons, including:
Disciplinary Actions
Appraisers who have faced disciplinary actions by regulatory agencies or industry organizations.
Negative History
Appraisers with a history of providing inaccurate or biased appraisals.
Conflict of Interest
Appraisers who have a personal or business relationship with the borrower or the property being appraised.
Impact of Exclusion
Being excluded from Citibank’s appraiser exclusion list can significantly impact an appraiser’s business. It prevents them from conducting appraisals for Citibank-related transactions, potentially leading to a loss of income and reputation.
Responsibilities of Appraisers
Appraisers should be aware of Citibank’s appraiser exclusion list and take necessary steps to avoid being excluded. This includes maintaining ethical standards, providing accurate and unbiased appraisals, and avoiding conflicts of interest.
Exclusion List Lookup
| Name | Address | Reason for Exclusion |
|---|---|---|
| John Doe | 123 Main Street, Anytown, CA | Disciplinary action by state licensing board |
| Jane Smith | 456 Elm Street, Anytown, CA | Conflict of interest |
| Richard Roe | 789 Oak Street, Anytown, CA | Negative history of inaccurate appraisals |
Conclusion
Understanding Citibank’s appraiser exclusion list is crucial for both homeowners and appraisers. By checking the list and being aware of the reasons for exclusion, readers can ensure a smooth and unbiased appraisal process. For more information on real estate appraisals, check out our other articles:
- How to Get the Best Home Appraisal
- Common Appraisal Problems and How to Avoid Them
- What to Do if Your Appraisal Comes in Low
FAQ about Citibank Appraiser Exclusion List
What is the Citibank Appraiser Exclusion List?
The Citibank Appraiser Exclusion List is a database of appraisers who have been prohibited from conducting appraisals for loans originated by Citibank due to concerns about their performance and/or ethics.
Why was the Citibank Appraiser Exclusion List created?
The Citibank Appraiser Exclusion List was created to protect Citibank, its borrowers, and its investors from appraisals that are inaccurate or fraudulent.
How does an appraiser get on the Citibank Appraiser Exclusion List?
Appraisers can be added to the Citibank Appraiser Exclusion List if they:
- Have been found to have provided inaccurate or fraudulent appraisals
- Have violated Citibank’s appraisal guidelines
- Have been convicted of a felony or other crime of dishonesty
How long does an appraiser stay on the Citibank Appraiser Exclusion List?
Appraisers typically stay on the Citibank Appraiser Exclusion List for a period of five years. However, the length of time an appraiser remains on the list may be shortened or extended at the discretion of Citibank.
Can appraisers appeal their inclusion on the Citibank Appraiser Exclusion List?
Yes, appraisers can appeal their inclusion on the Citibank Appraiser Exclusion List. Appeals must be submitted in writing to Citibank’s Appraisal Review Department.
What happens if I use an appraiser who is on the Citibank Appraiser Exclusion List?
If you use an appraiser who is on the Citibank Appraiser Exclusion List, your loan may be denied or delayed. You may also be required to obtain a new appraisal from an approved appraiser.
How can I avoid using an appraiser who is on the Citibank Appraiser Exclusion List?
You can avoid using an appraiser who is on the Citibank Appraiser Exclusion List by:
- Checking the list before hiring an appraiser
- Asking your lender if the appraiser you are considering is on the list
Where can I find the Citibank Appraiser Exclusion List?
The Citibank Appraiser Exclusion List is not publicly available. However, you can request a copy of the list from Citibank’s Appraisal Review Department.
Who do I contact if I have questions about the Citibank Appraiser Exclusion List?
You can contact Citibank’s Appraisal Review Department at 1-800-345-7967.
