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When Can an Appraisal Be Ordered? Runway

Updated over 11 months ago

Agency

1. The loan must be fully submitted and showing in the “Broker Submitted” status.

2. Once disclosures have been sent and the Intent to Proceed is completed by all borrower(s), the ‘Order Appraisal’ button will open up for ordering.

3. Select the required fields under the dropdown: Due Date, Priority, Appraisal Type, then click ‘Create Order’ to submit the appraisal order.

Non-QM Business Purpose

1. The loan must be fully submitted and showing in the “Broker Submitted”.

2. Disclosures do not need to be sent or signed for NonQM Business Purpose loans.

3. The ‘Order Appraisal’ button will open up for ordering.

4. Select the required fields under the dropdown: AMC, Due Date, Priority, Appraisal Type, then click ‘Create Order’ to submit the appraisal order.

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