Pilgrim Colonial Appraisal Services holds ourselves to these industry standards and rules set in place for ethics. This is our standard. We do not accept orders with contingency fees. We cannot agree to do an appraisal report and collect payment on the contingency of a predetermined value or to ensure a loan closing. This is clearly a conflict of interest and we simply do not operate that way.
Our top priority is our clients. As to maintain appraisal independence, often times many lenders send their appraisals through a third party which we work directly with. They engage our services and become our client. It can be confusing at times as a homeowner. When you do not engage us for a private appraisal directly but rather go through a lender, that lender is our client (an industry norm). As a homeowner however, typically you can request the appraisal from your lender.