Who provides an opinion of value based on various appraisal methods?

The correct answer is an appraiser, as this professional is specifically trained and certified to analyze properties and provide an opinion of value based on various appraisal methods. These methods may include approaches such as the cost approach, sales comparison approach, and income approach, which help to determine the fair market value of a property.

Appraisers are required to adhere to established standards and guidelines in their evaluations, which ensures that their opinions are based on thorough analysis and factual data. Typically, they are engaged by lenders, buyers, or sellers, and their appraisals are critical in the mortgage process, as they help to protect both the lender's investment and the buyer’s interests.

In contrast, realtors, while knowledgeable about real estate markets, usually provide comparative market analyses (CMA) that are not as formal or regulated as appraisals. Loan officers focus on originating loans and assessing a borrower's financial situation rather than determining property value. Underwriters evaluate loan applications and the associated financing risks but do not conduct property valuations themselves.