Residential Mortgages (Mortgage Broker)
For use by Licensed Mortgage Brokers for residential mortgage appraisal requests ONLY.
STOP: Important Policy & Ordering Requirements
Please review our strict firm policies before requesting a quote. Requests that bypass required channels or fail to meet these parameters will be declined.
- AMC Ordering Policy: Assignments requiring Appraisal Management Company (AMC) ordering must be placed directly through the lender’s approved AMC. We do NOT provide fee estimates or quotes for requests that require AMC ordering.
- Approved Lenders: A specific Prime / A-Lender must be identified. We do NOT accept “TBD,” Alt-A / B-Lenders, private lenders, or MICs. We reserve the right to decline any request based on the intended lender or internal risk parameters.
- 1st Mortgages Only: We restrict assignments to 1st mortgage positions only (maximum 80% LTV). We do NOT accept 2nd or 3rd mortgages.
- No Pre-Confirmations: We do NOT provide “comp searches” or pre-confirmations of value.
- No Reliance Letters or Re-addressing: Reports are prepared exclusively for the specific lender named at the time of ordering. We do NOT issue transmittal or reliance letters, nor do we re-address reports to alternative or private lenders if the initial financing fails.
- Payment Terms: Payment in full is required on or before the day of inspection. Interac e-Transfer is preferred (office@fmappraisals.com); credit card payments incur a 2.4% surcharge.
