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Delete SNN Field to the Personal/Corporate Guarantee

Delete SNN Field to the Personal/Corporate Guarantee and eSign it in minutes

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Does a VA appraisal stay with the veteran?

Also, once a VA appraisal is made, it stays with the home for six months. Therefore, the seller cant get a new appraisal done if another vet is interested in buying the home and wants to pay a higher price.

Can a VA appraisal be transferred to conventional?

A conventional loan can be delivered with an FHA or VA appraisal provided the appraisal, property eligibility, and disaster requirements outlined in the Selling Guide are met.

How do I transfer my VA appraisal?

A transfer request must be made of the existing lender to transfer the case number and appraisal to MSF. This transfer must be requested by the broker or MSF. If the appraisal was not completed or was cancelled by the other lender, a new appraisal must be ordered through MSFs appraisal department.

What is the LGY hub?

There is a new entry point for VA Loan Guaranty applications called LGY Hub. It uses 2 Factor Authentication (currently through ID.me) to verify or authenticate users for VA systems. You will set up an ID.me account (if you dont already have one) for the logon portion of the new LGY Hub.

How do I order a VA appraisal through WebLGY?

Log into WebLGY in order to request an appraisal. On the WebLGY home page, there are two links to the Request Appraisal page. Scroll the cursor over the Loan link in the top menu which will activate the drop down menu. Or, you can click on the Request Appraisal link in the lender workspace area.

What is an appraisal transfer letter?

An appraisal letter of transfer is used by mortgage brokers to transfer an appraisal from one lender to another to find their clients a better deal.

How long does a VA appraisal transfer take?

Timeline TimelineVA appraisalVaries by location typically between one and three weeks. Timelines are set by the VA.Conventional appraisalNo set timeline but typically takes one to two weeks. Jan 24, 2023

How do I cancel an appraisal in the VA portal?

E-mail a request to the RLC to cancel the appraisal in WebLGY. The request should include the VA case number, the property address, the reason for the cancellation and confirmation that the appraisal fee, if charged for any work performed, will be paid.

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