Property Inspection Waivers have seen an increase in the last 2 quarter of 2017. Many of our clients have been happy to know that an appraisal could be avoided simply by providing accurate information regarding the subject property. Fannie Mae announced leaner standards for waiving appraisals earlier this year and as a result we have seen Refinance loans close much faster. Many Refinance loans have closed in as few as 8 days! The formula for obtaining an appraisal waiver is still somewhat mysterious and is NOT guaranteed by any means, But due to our continued success with getting PIW’s for our clients we believe we have the inside track on increasing those odds.
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