Conventional Loan Appraisal Checklist
Conventional Loan Appraisal Checklist
General Items
- Understand local market conditions
- Prepare for potential re-inspections
- Maintain communication with all parties involved
Pre-Appraisal Preparation
- Gather necessary documents
- Confirm appraisal order with lender
- Provide access instructions for appraiser
- Provide recent sale data for comparables
- Check for any special property conditions
Appraisal Process
- Ensure property is clean and accessible
- Verify appraiser credentials and experience
- Discuss any property improvements with appraiser
- Highlight unique features of the property
Post-Appraisal Follow-Up
- Review the appraisal report for accuracy
- Check for completed comparables analysis
- Ensure value meets loan requirements
- Address any discrepancies with appraiser or lender
- Gather feedback from the appraiser if necessary
Generated from Panda Checklist
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