Finance
In Tennessee, a lender's 'appraisal review' process involves:
AHaving the borrower review the appraisal before closing
BAn internal or external review to ensure the appraisal meets quality standards and supports the loan amount✓ Correct
CTREC's review of all residential appraisals
DA second appraisal always required by Tennessee law
Explanation
Lenders conduct appraisal reviews to ensure that appraisals are complete, compliant with regulations, and that the value conclusion is supported by the data presented — protecting the lender's collateral position.
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