DEPARTMENT OF VETERANS AFFAIRS Regional Office PO Box 100023 Decatur GA 30031-7023 www.vba.va.gov/ro/atlanta/rlc |
March 11, 2008 |
Loan Guaranty Bulletin 261-08-02 |
To: | LENDERS AND SERVICERS | ||
Subj: | APPRAISAL TIMELINESS AND FEE REVIEW | ||
Our office asks your cooperation in providing the following information. This information will assist us in providing better service to veterans and program participants. Please indicate the average number of days it takes for completion of a conventional origination loan appraisal in the table below. The number of days should be calendar days from the date of assignment until the date of receipt of the completed appraisal report. In the absence of any automated tracking system that could specify this information, we ask for your best estimate. This survey is limited to full interior inspection purchase and refinance appraisals, not drive-by, limited review, or liquidation appraisals. If any field does not apply to your organization leave it blank.
Please indicate the average amount you are being charged by individual appraisers for the following services in the conventional market in the table below. Please do not consider any special arrangements (volume discounts) you have with appraisal firms. If any field does not apply to your organization leave it blank.
Please return to us by April 11, 2008. Company name and address: _________________________________________ Fax: 404-929-5392 Email: 16/Correspondence@vba.va.gov Regular Mail: Atlanta Regional Loan Center, PO Box 100023, Decatur GA 30031-7023 |
THOMAS H. BUFFTON, JR. Loan Guaranty Officer |