Sentences with phrase «staff appraisal reviewer»
A lender's staff appraisal reviewer combs over the appraisal and issues a formal Notice of Value for the property.
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After submitting at least one good comp with valuation and supporting documentation, the lender's staff appraisal reviewer will essentially double - check the assessment and issue a formal notice of value for the property.
Then a staff appraisal reviewer (SAR) who works for your lender will review the appraisal, confer with the appraiser regarding any issues and draft a notice of value (NOV).
Not exact matches
The VA requires every appraisal report to be reviewed by either a VA staff appraiser or a lender's Staff Appraisal Reviewer (staff appraiser or a lender's Staff Appraisal Reviewer (Staff Appraisal Reviewer (SAR).
Once the lender receives the appraisal report, the Staff Appraisal Reviewer is generally expected to issue the Notice of Value within five business days.
Once the lender receives the appraisal report, the Staff Appraisal Reviewer is generally expected to issue the Notice of Value within five business days.
The VA requires every appraisal report to be reviewed by either a VA staff appraiser or a lender's Staff Appraisal Reviewer (staff appraiser or a lender's Staff Appraisal Reviewer (Staff Appraisal Reviewer (SAR).