# Presentation: 463198

## VA APPRAISAL PROCESS

- Department of Veterans Affairs

**Notes:**
Good Morning!  I want you to know that i happy and excited about being here today.  

## AGENDA

- Regional Loan Center Staff
- E-Commerce
- Veterans Information Portal (VIP)
- Lender Appraisal Processing Program
-     LAPP
- C&V Changes to Lender’s Handbook

**Notes:**
-- During the next hour we’re going to talk about --

## Cleveland’s Staff

**Notes:**
Here is how our organizational chart is designed.

## Cleveland Regional Loan Center C&V Staff

**Notes:**
We look better on paper!

## Regional Loan Centers

- Manchester, NH
- Cleveland, OH
- Roanoke, VA
- Atlanta, GA
- St Petersburg, FL

- St Paul, MN
- Houston, TX
- Denver, CO
- Phoenix, AZ

**Notes:**
These are the 9 regional offices located through out the country.

## Slide 6

**Notes:**
There is some talk about consolidating down to 4 offices, but that would be a few years down the road.

## Cleveland Regional Loan Center(RLC)

- Ohio
- Michigan
- Indiana
- Pennsylvania
- New Jersey
- Delaware

**Notes:**
These are the 6 states that fall into Cleveland’s jurisdiction.

## APPRAISAL REQUESTS  Cleveland RLCFISCAL YEAR 2004

- Ohio
- Michigan
- Indiana
- Pennsylvania/Delaware
- New Jersey
- 	TOTAL     19,942

**Notes:**
Almost 20,000 appraisal requests for these 6 states during FY 2004.

## Cleveland RLC VA FEE APPRAISERS FY 2004

- Ohio        				        124
- Michigan					   98
- Indiana            				 114
- Pennsylvania/Delaware		 156
- New Jersey                                           45
- 		TOTAL				537
**Projected End FY 2005  750-800**

**Notes:**
The number of Fee Panel Appraisers in each state.  We are in the process of expanding the Fee Appraiser Panel and expect to have between 750-800 appraisers on the panel for these 6 states.

## E-COMMERCE

**Notes:**
Everybody’s favorite topic, because everybody likes change, right!

-- Computer story

## E-COMMERCE

- Mandatory For Appraisers
- Mandatory For Lenders
- Veterans Information Portal (VIP)

## Cleveland RLC E-COMMERCEMAILBOX

- 325cnv@vba.va.gov
- This mailbox is to be used for correspondence only.  Appraisal are now being uploaded into the E-Appraisal system in the VIP
- HTTP://vip.vba.va.gov is the VIP web address.

**Notes:**
Cleveland’s e-mail address for the appraisal section.  The address to the portal.

## Veterans Information Portal

- VIP/TAS/ACE

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**Notes:**
Submit Button will pull up SAR certification statement.  This must be filled out and submitted within a 15 minute time span.

## VIP

- The VIP system has several applications that drive the VA Loan Guarantee process
- The Appraisal System (TAS), is used for everything from ordering the appraisal to issuing the Notice of Value
- Automated Certificate of Eligibility (ACE) is designed for accessing the veterans’ certificate of eligibility
- E-Appraisal is used by appraisers to directly upload an appraisal into the portal
- File-Net is a national repository for VA appraisals

## ADVANTAGES

- Lenders can process NOV’s on-line
- No more paper copies to VA
- TAS will print duplicate copies
- TAS will allow status checks

## Lender Appraisal Processing Program

- LAPP

## SAR TRAINING AND REVIEW

- Five Test Cases
- Certification To VA
- Current SAR can train
- New web based training modules available soon
- All SARs will be required to take web based training and pass test at the end of module
- Soon Liquidation NOVs will be issued by servicer’s

## LAPP PARTICIPATION IN RLC, November 2004

## ALL CASES ARE ELIGIBLE FOR LAPP EXCEPT 

- Master Appraisals
- Foreclosures
- Partial Releases
- HUD Conversions

## LAPP PROGRAM

- Easiest & Fastest Way To Process VA Case
- CO Announced LAPP Will Be Mandatory
- Existing or New Construction
- Proposed Construction

## COMMON LAPP/NOV ERRORS

- One Year and 10-Year Warranty
- Energy Efficient Mortgage
- Listing All Repairs
- Cases Ordered Early
- Ordering cases as Proposed when should be New/Existing less than one year old

## COMMON LAPP/NOV ERRORS

- Health Authority Approval Of Water
- 	And Sewer Systems
- Issuing NOV’s In Unapproved Condo Projects
- Appraisal Value
- Changing Appraisal Value
- Updating Processing Notes

## C&V CHANGES TOLENDERS HANDBOOK M 26-7www.homeloans.va.govClick on Lenders & ServicersClick on Lenders Handbook

## PROPERTY ELIGIBILITY

- Existing
- New Construction
- Proposed/Under Construction
- Manufactured Homes
- Exception Cases

## BUILDER APPROVAL FORMS

- Builder Information and Certification
- 	(Chapter 10, Figure 1)
- VA Form 26-421 (Equal Employment Opportunity Certification)
- VA Form 26-8791 (VA Affirmative Marketing Certification)

## ONE YEAR BUILDER WARRANTY REQUIREMENTS (VA FORM 26-1859)

- VA Will Accept One Year VA Builder’s Warranty
- NOV’s Will Be Conditioned To Require:
- 	- Item 12.a
- 	- Item 19

## PROPOSED CONSTRUCTION

- Description Of Materials
- 	(VA Form 26-1852)
- Plot Plan
- Exterior Building Elevations
- Foundation or Basement Plan

## PROPOSED CONSTRUCTION

- Sectional Wall Detail
- Plan Certification
- 8-1/2 X 14 Inch Plans and Specs
- Two Sets of Plans and Specs

## ELIMINATED

- Heating & Cooling Plans & Calculations
- VA Approval of Plan Reviewers
- Need for VA Cert on Plans and Specs

## APPRAISAL FORMS

- Single Family and Puds
- 	Freddie Mac FM 70/Fannie Mae FM 1004
- Condos
- 	Freddie Mac FM 465/Fannie Mae FM 1073
- Multi-Family (2-4 Units)
- 	Freddie Mac FM 72/Fannie Mae FM 1025
**New Forms Mandatory After Oct 01, 2005**

## LAPP PROCESSING

- Single Family
- Multi Family
- Proposed
- Manufactured Homes

**Notes:**
-- In the old days you could only process single family.  Now you can do multi family, Proposed and manufactured Homes.
-- Multi Family requires more information and data from the appraiser.  It’s just a new form to look at that includes the “Gross Rent Multiplier”.
-- Don’t be affraid of manufactured homes.  If they meet all the county codes you ok and if in doubt call VA.
-- Proposed Construction - That’s a whole different ball game.  If you have never processed a proposed construction case under LAPP call VA to discuss the situation and to determine if proposed is the only way to go.  Proposed cases require massive amount of paperwork and added stress on everyone involved 

## CASES NOT ELIGIBLE FOR LAPP

- Master Appraisals
- Foreclosures
- Partial Releases
- HUD Conversions

**Notes:**
--Master Appraisals are probably going to be history they’re expensive and time consuming.  
-- As we continue with oversught, who knows, maybe the other will change too but for the time being there is not indication they will go LAPP.

## PUD AND CONDOS

- VA Approval No Longer Required On PUD’s
- CONDOS Must Be Approved By VA
- Mandatory Homeowner Association Assessment Must Be Subordinate To VA Guaranteed Mortgage

## EXISTING MANUFACTURED HOMES

- VA MPRs For Existing Construction
- Properly Attached To A Permanent Foundation System

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## E-Appraisal & File Net

- The E-Appraisal application is designed to allow the appraiser to directly upload an appraisal report into a national repository.  No more e-mailing, faxing or hard copy mailings of the appraisals.
- The appraiser can upload an amended.  The VA requires that every time the appraiser changes a report, a complete report must be uploaded.  We do not want final inspections, or addendums on their own uploaded.  Keep these in your files.

## Slide 52

## File Net

- This Portal Application will allow your SAR to down load the appraisal report for review.  We do recommend that you save a copy to your own files, and print a copy for you records.
- Your access to file net is based on your lender ID#.
- Each individual must register in the VIP.

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## WHERE TO GET MORE INFORMATION

- www.vba.va.gov
- www.homeloans.va.gov
- Cleveland VA Regional Office
- 	800-729-5772, option #4

**Notes:**
-- I’ve had a grand time, let’s take a break

## Questions

- Telephone: 800-729-5772, option #4
- Fax: 216-522-2514
- E-mail: _[325cnv@vba.va.](mailto:325cnv@vba.va.gov)__[gov](mailto:325cnv@vba.va.gov)_
- While I am here!