What is an IND order

[probasco]

First one I have received in 11 years of doing VA and of course, its the weekend

 

[Carol Ames]

Just treat it like a LAPP.

 

[CANative]

Miss Janet answered this question in 2008:

06-28-2008, 10:41 AM
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Ms. Janet Ms. Janet is offline

Join Date: Oct 2004
Location: La La Land
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 5,722
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New VA Case Type
Quote:
There has been a significant change to the liquidation side of our program. As a result some liquidation cases are being ordered under case type SAP. The SAP program is similar to the LAP program. An employee of the servicer will be trained to review VA appraisals and will handle the initial review of the cases. VA will only perform a quality review. This program is being gradually rolled-out so you will begin seeing more and more SAP cases. For your information the following is a definition of all VA case types:
IND – Origination case reviewed by VA staff
LAP – Origination case reviewed by lender staff (SAR)
LGI – Liquidation case reviewed by VA staff
LPL – Liquidation case reviewed by VA National Portfolio Servicer (Countrywide)
SAP – Liquidation case reviewed by servicer staff (SAP SAR)
2/08 Newsletter

 

[probasco]

thank you!

 

[Trout]

IND reports are reviewed by VA when the lender does not have a SAR in place.

 

[Mike Garrett RAA]

Just means the lender does not have a staff review appraiser (SAR) for VA. I find, typically, the VA reviewer will probably be a little more "picky"...at least in my region. They have to justify their position.