appraisal review?

Answer 1

Underwriters will perform an appraisal review as a matter of procedure that usually is a 24 hour time window then if the appraisal looks fine, your loan goes to closing docs for escrow to have you sign. The review looks for verification of appraisers licensing, comps used are sometimes looked at if the appraisal has to adjust from several to establish your value. It is the lenders way of making sure that the collateral is worth their risk. The photos taken show condition, the appraiser might sometimes call out issues that might affect the property. I always prepare the buyer and seller or owner in a refinance for the appraisal. I have never had an appraisal compromise a loan but i also know how it could if the property wasnt ready for one. The good thing 99% of the time is that if the lender is in appraisal review the loan docs are just hours away and your almost done. If you are in that 1% of those that have the appraisal stop your loan dont panic. Most issues are easily cleared, if not the dead deal is really a good thing in the long run. Your inspection and appraisal are way more beneficial than detrimental. Your lender should have already explained this step to you.

Answer 2

What is your question? Be careful. Appraisal, assessment, and Market value are different things for different reasons and they won't match on the same property on the same day!
Now, What is your question?

Answer 3

What is the question?

Answer 4

answer- no