Appraisal
Delays Due to COVID-19
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| Shelter Desk At Home? |
Appraisal RAC or AMC ordering companies should be setting in
place policies to work from home. Houston We Have a Problem.
My corporate office has all the operations and loan officers working from home which is not a problem BUT many pieces of a home loan are done in person.
Due to the increasing confirmed cases of COVID-19
Mandated self-quarantine may cause delays:
Appraisers and homeowners who have or have not been in contact
with COVID-19 are under self-quarantine. California, and other states to
soon follow, issued a mandatory self-quarantine for members of
the community who are age 65 and older. Please be aware that this will
impact many appraisers who will no longer be able to complete inspections,
either because of their age or the age of one or more residents living at the
property to be inspected. The average age of an appraiser is 65.
Orders in certain counties are on hold:
In response to the spread of COVID-19 cases in the state of
California, a legal order of Shelter in Place has been issued, prohibiting
non-essential business for the following counties - Alameda, Contra Costa,
Marin, San Francisco, San Mateo, Santa Clara, Santa Cruz, San Benito, Monterey,
and the City of Berkeley, which has its own public health division.
Unfortunately, all appraisal orders in these counties that have not yet been
inspected will temporarily be placed ON HOLD.
Set realistic expectations in regard to turn times,
fees, and logistics. We will do the same for you. Together, we can
maintain a great customer experience by ensuring everyone is informed,
adaptable, and communicating along the way! Do not make short closing contracts that involve a mortgage with appraisal.
Good news- refinances are often not needing an appraisal.
Other news:
County recorder offices are shut down in almost all Northern California counties
Many are not allowing erecording such as Santa Clara.
Riverside, San Bernardino, San Diego, and Orange Counties were open for erecoding only this morning.
Kings County (small office of few) is open from 11- 1 for walk ins and over the counter
This is going to make for some creative solutions.
What are you fixes?
I have a few