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Appraisal Orders - FHA/CONV

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  • The special feature code "801" indicates an appraiser waiver is needed
    TRUE
  • If a manual appraisal order needs to be requested the AC will order in FHA connection
    False: we will place the order via BPM
  • T or F: When adding the F5 comment, an email notification is required to send
    FALSE
  • If the BOT failed we will manually need to update the "DM Appraisal order" tracking to requested
    FALSE: if the BOT failed we can still place a new order in BPM & ensure tracking gets updated systematically.
  • The "AUS finding document" is where we can confirm if the appraisal is warranted
    TRUE
  • Valuation partners, Single Source, Clear capital, and Class valuation are the (4) AMC companies we work with
    FALSE: Valuation connect; Single Source, Consolidated Analytics, and Class Valuation
  • The Appraisal BOT will automatically place the appraisal order.
    True
  • If we find a property inspection waiver we should proceed to order a new appraisal order
    FALSE: a PIW indicates an appraisal is not warranted
  • In BPM, the product name can be determined by identifying the property type/form
    TRUE
  • When placing a new order in BPM we will "Send Appraisal event" to order
    FALSE: we should select "Place new order"
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