Appraisal ordered before Application

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    If an apprsaisal was ordered and received before an applicaiton was completed by the borrower, can the charge for the appraisal still be passed on to the borrower at closing?


    As long as you don’t charge the customer for the appraisal until after they have received the early disclosures and indicated their intent to proceed then you should be able to charge for the appraisal. I’m not sure this process is beneficial to the bank – if the applicant doesn’t qualify or the applicant chooses not to go through with the loan, then the bank is stuck with the appraisal fee.

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