They just want enough to satisfy the LTV guidelines. And that's really all you care about, too. In a purchase, obviously, the appraised value has to agree with how much you are paying for the house. An underwriter might, as a condition for releasing the loan documents, require that the appraiser find another comp to justify the value. This is another little thing that takes time and another reason why the loan officer wants to get the appraisal ordered as soon as reasonably possible.
Some brokers send a copy of the appraisal after closing.
Some brokers send out copies with every closed loan and some send the copy only to those who ask for it. Some customers are quite interested, and some really don't care. But you should know that you certainly have a right to it. So now you have a better understanding of the appraisal process. In the next article , we'll talk about the processing and submission of your loan.