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https://singlefamily.fanniemae.com/media/5916/display
An appraisal waiver provides a no-cost alternative to an appraisal, while eliminating the expense of appraisal-related delays in the origination process. Ease-of-use. To exercise an appraisal waiver offer, lenders simply provide Special Feature Code (SFC) 801 at time of loan delivery to Fannie Mae.
https://singlefamily.fanniemae.com/media/9456/display
An appraisal waiver is an offer to waive the appraisal for eligible transactions. Appraisal waiver offers are issued through esktop Underwriter® (U®) using Fannie Mae’s database of more than 35 million appraisal reports in combination with
https://www.sampleforms.com/appraisal-waiver-form-sample.html
What is an Appraisal Waiver? An Appraisal Waiver refers to both a property owner’s decision to relinquish his/her right to receive an appraisal report and the document that states this declaration. The latter is also called an appraisal waiver form. Creditors also need to explain the waiver’s contents and their implication/s first before clients can sign them.
https://rpfwholesale.com/docs/Appraisal_Waiver_Form.pdf
APPRAISAL: WAIVER OF 3-DAY DELIVERY Disclosure Date: Loan Number: Lender: Royal Pacific Funding Corp. (NMLS # 320004) Borrower Names(s): Property Address: You are entitled to receive a copy of the appraisal report(s) obtained in connection with your application for credit at least 3 business days prior to the closing of your loan.File Size: 595KB
https://www.consumerfinance.gov/policy-compliance/rulemaking/regulations/1002/14/
An appraisal is being revised, and the creditor does not receive the revised appraisal until day 45 after the application, when the creditor immediately determines the revised appraisal is acceptable. A week later, the creditor sends a copy of the revised appraisal to the applicant, and does not send a copy of the initial appraisal to the applicant.
https://www.mortgagesanalyzed.com/gyan/law/cfpb-reg-b/regulation-b-appraisal-rules
Appraisal Delivery: Lenders need to deliver the appraisal and other written valuations to the applicant. Delivery occurs three business days after mailing or delivering the copies to the last-known address of the applicant, or when evidence indicates actual receipt by the applicant,...
https://ficoforums.myfico.com/t5/Mortgage-Loans/Waive-right-to-a-copy-of-appraisal/td-p/549307
Aug 04, 2009 · So, our lender sent me a form to waive our right to a copy of the appraisal 3 days before closing. It states they will try to get it to us before then, but that the loan will fall through if they can't meet the requirement and we don't waive our right.
https://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/disclosure-and-delivery-requirements-copies-appraisals-and-other-written-valuations-under-equal-credit-opportunity-act-regulation-b/
Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (Regulation B) The Bureau of Consumer Financial Protection (Bureau) is amending Regulation B, which implements the Equal Credit Opportunity Act (ECOA), and the Bureau's official interpretations of the regulation, which interpret and clarify the requirements of Regulation B.
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