The Appraiser Independence Requirements allow for what regarding appraisals?

The Appraiser Independence Requirements (AIR) were established to ensure that appraisals are conducted without undue influence from parties with a vested interest in the transaction, thereby promoting the integrity and objectivity of the appraisal process. Under these requirements, it is indeed permissible for a lender to share a copy of the appraisal with the borrower, fostering transparency in the lending process.

Sharing the appraisal with the borrower helps to keep them informed about the property's assessed value and provides an opportunity for them to understand how the valuation can affect their mortgage terms. It also encourages borrowers to ask questions or seek clarification regarding the appraisal, which can lead to a more informed decision-making process.

The other options involve practices that could compromise the independence of the appraisal process. For instance, allowing mortgage loan originators to select appraisers or having loan production staff pay appraisers would present conflicts of interest, as these individuals could exert influence over the appraiser's opinion of value. Blacklisting appraisers for low valuations could also undermine the independence and objectivity of appraisers, encouraging appraisers to inflate values to avoid repercussions rather than providing honest assessments of property value. Thus, the correct answer aligns with the goal of promoting transparency and accountability in the appraisal process.