VA appraisal changed to conventional loan

[Harry Kessel]

Hello;

I did a VA appraisal for a lender 3 weeks ago. Now they want me to change it to a conventional appraisal. I can't anything in the handbook and how to handle this. Does anyone have any suggestions? Should I tell them I will have to do a new appraisal? Or should I just change to lender name? Also what about the date?
By the way they haven't paid my VA fee yet.

Thanks,

Harold

 

[RSW]

Different client. Different intended use. Did you measure it to ANSI standards? If not, then you will have to go back out and measure it again.

 

[Zoe]

VA can transfer it to new lender I think for like 6 months. But VA is one of your clients.

New assignment. VA can't transfer it to a conventional loan lender.

You have confidentiality agreement with VA as your client.

Look at it this way. VA suddenly no longer becomes your client. Now the lender is your only client.

 

[Zoe]

New assignment. Get VA to approve it. Or just decline. The spider's web is deep in what trouble you could get in client/ appraiser relationship.

 

[LesPaul59]

New assignment. Get VA to approve it. Or just decline. The spider's web is deep in what trouble you could get in client/ appraiser relationship.

You don't have to get the VA involved in this. New assignment. Don't discuss results of previous assignment and note on appraisal that you have appraised it recently.

 

[Harry Kessel]

Thanks for the replies, I appreciate it.
Harold

 

[Zoe]

Thanks for the replies, I appreciate it.
Harold

No problem. Your RLC can help you on questions like these. Always remember VA is your client.

I still say new assignment, new client, new effective date, new appraisal.

The ball is in your court. I have your best interests at heart.

 

[sputnam]

Hello;

I did a VA appraisal for a lender 3 weeks ago. Now they want me to change it to a conventional appraisal. I can't anything in the handbook and how to handle this. Does anyone have any suggestions? Should I tell them I will have to do a new appraisal? Or should I just change to lender name? Also what about the date?
By the way they haven't paid my VA fee yet.

Thanks,

Harold

Call it a new assignment and do it. Additional fee for the additional work. The effective date can be whatever the Client wants but, if it were me, I'd do an exterior, from the street and research sales that happened since the original appraisal. Depending on how well you trust the Client... I might insist on being paid for the completed appraisal before accepting the new assignment.

 

[Tom D]

You can appraise the same property 10 times, as long as each is a new assignment with a new lender, and noted. Maybe discount it, if it is basically gonna be a clone. This client might appreciate that and remember you. That's my business philosophy.

 

[sputnam]

You can appraise the same property 10 times, as long as each is a new assignment with a new lender, and noted. Maybe discount it, if it is basically gonna be a clone. This client might appreciate that and remember you. That's my business philosophy.

Doesn't even have to be a new lender. You can appraise the same property 10 times for the same Client. I can't think of any rational reason a Client would agree to pay for that.. but, you could.