Why did the appraisal fee change from what my borrower paid?

Modified on Fri, 30 Dec, 2022 at 4:58 PM

Sometimes the AMC will advise that due to the complexity of the home the appraiser requires an additional fee than what was initially quoted and paid for. 


The AMC will ask us to confirm this is acceptable and we will reach out to the LO to confirm this change with the borrower.


Note that we do not have the ability to change this. We do have the option to put the appraisal bid back out to see if another appraiser will do it for the initial fee but this will cause a delay in the appraisal. Be sure to stay active in chatter as this is where you will be advised of all these changes if necessary. 


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