Should a loan be added to the SLTV Report if a new appraisal is ordered (for whatever reason) and the value comes back at a value low enough to put the LTV below guidance limit?
I've read each and everything related to SLTV many, many times in the last few years. My reference material on this is handy at all times. I've checked once again I cannot find anything related to this question or situation. I find guidance on need to calculate and perhaps add to the report when substituting collateral, but nothing on my question.
Yes/No? What do others think?
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