Turn times vary by location and volume. However we offer
the following suggestions to speed up the time it takes to complete
an appraisal and to reduce revisions from underwriting once
completed:
1. Make sure you have met
our MDIA disclosure timeline. Please tell us
the date within the comments section that the mdia has been
met.
2. Fill out the order form
with all of the following information:
- Correct property address, lender, and payment
info.
- Borrower's name, contact name, phone numbers for each and the
borrower's email address.
3. Upload the
prelims
- a common revision is that the APN on the prelims does not match
the APN on the appraisal and often it is a formatting issue between
the prelims and the parcel maps that appraisers commonly
use.
4. Upload other relevant
documents
- if a purchase contract - the appraiser needs it with all
addendums in order to avoid confusion over final purchase
price.
- If a condo, send us the HOA cert - this is a common
underwriting request - that the appraiser's data match the data on
the cert. By providing the document to the appraiser, time is
saved both during the preparation of the report and by avoiding a
possible revision request.
5. Consider a rush
fee if time is really critical. In most
locations, for an additional $100 appraisers can complete the
assignment in half the current turn time.