Tag: VA appraisal

VA Covid19 Guidance – Important Update for Underwriting and Appraisals

Written by:  Tracey Rumsey, Staff Writer VA Issued Circulars 26-20-10 and 26-20-11 regarding guideline flexbilities during Covid19. Circulars are linked below and can also be found under our Agency & Bulletins Page in the Category of VA. Our VA Expert has reviewed the Circulars and is issuing a bullet point summary for each of them […]

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VA Circular 26-19-31 – Assisted Appraisal Processing Program (AAPP) Effective January 1, 2020

Written by: Tracey Rumsey, Staff Writer The VA appraisal process continues to become more refined and this update addresses more changes in their appraisal process. Rule Synopsis: For appraisals prepared on or after January 1, 2020, the VA fee panel appraiser may utilize the Assisted Appraisal Processing Program (AAPP). The appraisal report may be completed […]

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VA Appraisal Fee and Timeliness Schedule for Denver and Houston RLC, December 1, 2019

Written by: Tracey Rumsey, Staff Writer VA Lenders in Denver and Houston will want to read through this article regarding VA appraisal fees and timeliness schedules. Rule Synopsis: VA has eight Regional Loan Centers (RLCs): Atlanta Cleveland Phoenix Roanoke Paul Denver Houston Petersburg All of the RLCs have Appraisal Fee and Timeliness Schedules that lenders […]

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NEW VA Appraisal Fee and Timeliness Schedule for St Petersburg RLC -Effective August 1-2019

Written by: Tracey Rumsey, Staff Writer VA has updated another appraisal fee schedule. Read this article to see if your area was affected by the change. Interpretive Comments: VA has eight Regional Loan Centers (RLCs): Atlanta Cleveland Phoenix Roanoke St Paul Denver Houston Petersburg All of the RLCs have Appraisal Fee and Timeliness Schedules that […]

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New VA Appraisal Fee and Timeliness Schedules, April 1, 2019

Written By: Tracey Rumsey, Staff Writer VA just updated their guidelines regarding timeliness of appraisals.  This update addresses the new appraisal fee schedules along with timeliness.  Check your LOS system to avoid LE/CD issues! Rule Synopsis: VA has eight Regional Loan Centers (RLCs), five of which have announced new appraisal fee and timeliness schedules effective […]

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