We have a loan that we disclosed an Appraisal Fee, however, after the loan was sent to the Investor it was discovered that we could exercise an appraisal waiver (Property Waiver Inspection). We caught the Appraiser just as he had gone out to the property so all he charged was a trip fee.
Last edited by KTMiteComply; 09/12/19 08:09 PM.
My question is can we charge this Appraisal Trip Fee when we have an Property Inspection "Waiver". I mean, I think this would be simple to explain and since we charged an Appraisal Fee, then really this wouldn't be a COC...right? We would just charge the small trip fee instead of the entire Appraisal Fee amount.
As I type this it really feels like a very silly question and really should just be very simple
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