If a loan transitions from conforming to FHA after the original appraisal is completed, is a second full fee appraisal required?
StreetLinks’ works directly with our clients to understand their business model and forecast their loan program volume. Due to the recent increase of FHA loans StreetLinks’, at our clients request, will utilize FHA certified appraisers on 100% of the volume regardless of the targeted loan program. This allows for a quick conversion to FHA at a drastically reduced conversion fee. With 100% national FHA appraiser coverage and comprehensive understanding of both the lending and appraisal industry, StreetLinks is poised to continue innovating this process to bring even quicker conversion turn-times.
Related Questions
- Does a loan originator have to show an appraisal fee (or other fee) paid to a third party on the GFE and HUD-1 even if the loan originator wants to cover 100% of the fee?
- When there is review appraisal performed on a loan and the original appraisal value comes into question, who will manage the rebuttal process?
- If a loan transitions from conforming to FHA after the original appraisal is completed, is a second full fee appraisal required?
