Benefits and drawbacks out-of Assets Review Waivers

Its essential to remember that specific loans might still want an appraisal or property assessment, with respect to the loan product and you will particular products.

First off, within the Fl, the choice to approve property Evaluation Waiver (PIW) isnt left to your underwriter or Loan Officer; its exclusively determined by the brand new automatic underwriting system (AUS), removing any potential subjective dictate.

The process runs into no additional fees, and there’s its not necessary for extra files, once the past need for a great PIW mode has been eliminated.

Because of the benefits of choosing property assessment waiver when you look at the Fl, the new main work for is the pricing-rescuing factor, because it eliminates importance of a complete assessment. Read the rest of this entry »