What recent compliance changes affect origination behavior and fees? DISCUSSION POINTS 1. What two main areas of consideration does an appraisal report help a lender evaluate? How does the appraisal report do this? 2. Explain the appraisal process that an appraiser would follow in developing a traditional appraisal report. 3. What three approaches to value are used in developing an appraisal? When is each approach most appropriate? 4. What factors can affect the market value of the subject property? 5. Why are sales comparable adjustments necessary to estimate the value of the subject property? 6. How do other appraisal forms differ from the Uniform Residential Appraisal Report (URAR)? Why are these differences significant? 7. Discuss the benefits and drawbacks to a lender using streamlined appraisals and automated valuation models (compared to traditional appraisals). 8. Explain the impact of the HVCC and the subsequent Appraiser Independence Require-ments on the mortgage origination process.1. What two main areas of consideration does an appraisal report help a lender evaluate? How does the appraisal report do this