2006-06-18 09:47:50 · 5 answers · asked by fscape444 2 in Business & Finance ➔ Renting & Real Estate
A desktop review simply means the are running an review on the appraisal.
It is standard on high loan to value loans.
2006-06-18 09:50:47 · answer #1 · answered by J W 3 · 0⤊ 0⤋
the lender reviews the appraisal for quality control purposes to double check the appraisers opinion of value this is done at the "Desk"
2006-06-18 19:08:41 · answer #2 · answered by harold 1 · 0⤊ 0⤋
This is where they charge you every thing they can on your settlement sheet for instance,they will charge you $150.00 to review an appraisal that you just paid 400.00 to get done
2006-06-18 16:54:33 · answer #3 · answered by howaboutit99@sbcglobal.net 2 · 0⤊ 0⤋
Seriously, someone at a desk, generally lower level, examines your application for approval or disapproval.
2006-06-18 16:52:13 · answer #4 · answered by quietwalker 5 · 0⤊ 0⤋
Balance sheet: monies in to monies expended,analysis of ratios to earning and valuation projections for the lengths of the loan.LIl things.
2006-06-18 16:53:30 · answer #5 · answered by bruce_baldy 2 · 0⤊ 0⤋