CORRECT ANSWERS 2025
gh gh gh
VA gh- ghCORRECT ghANSWER gh-Veterans ghAdministration
SAR gh- ghCORRECT ghANSWER gh-Staff ghAppraisal ghReviewer
USPAP gh- ghCORRECT ghANSWER gh-Uniformed ghStandards ghof ghProfessional ghAppraisal ghPractice
LAPP gh- ghCORRECT ghANSWER gh-Lenders ghAppraisal ghProcessing ghProgram
VA ghrequirements gh- ghCORRECT ghANSWER gh-Meet ghall ghcredit gh& ghincome ghstandards ghand
gh ENSURE:
1. Loan g h App.
2. VA ghappraisal
3. VA ghCOE
4. Collect ghAppraisal ghfee
5. Process ghDetermination ghfor ghReasonable ghValue
VA ghForm gh26-1805 gh- ghCORRECT ghANSWER gh-
Request ghfor gh"Determination ghfor ghReasonable ghValue" ghin ghWebLGY
Fee ghAppraiser ghduties gh- ghCORRECT ghANSWER gh-Assigned ghthrough ghWebLGY ghwill ghpersonally:
1. Inspect ghinterior/exterior
2. Examine ghexterior ghor gh Comparables
3. Analyze ghComparable ghsales
4. Provide ghmarket ghopinion ghof ghvalue
, 5. Sign ghappraisal ghreport ghas ghappraiser
6. Upload ghappraisal ghreport ghinto ghWebLGY
Why ghis ghappraisal ghrequired? gh- ghCORRECT ghANSWER gh-
1. Provide ghindication ghof ghmarket ghvalue ghin ghorder ghto ghdetermine ghmaximum ghloan ghamount ghVA
ghcan ghgua ghrantee.
2. Determine ghwhether ghor ghnot ghproperty ghmeets ghcertain ghminimum ghproperty ghrequirements
gh (MPRS)
3. Ensure ghproperty ghis ghin ghan ghacceptable ghcondition ghfor ghthe ghVA
Reasonable ghValue gh- ghCORRECT ghANSWER gh-Same ghas ghMarket ghValue
Timeliness ghStandards gh- gh CORRECT ghANSWER gh-Upon ghopening ghAppraisal ghreport:
1. Ensure ghneeded ghdocumentation ghhas ghbeen ghprovided
2. Check ghinformation ghfor ghaccuracy
3. Create ghlist ghof ghmissing ghdocs/inaccurate ghinfo.
4. Contact ghfee ghappraiser ghfor ghmissing ghdocs/inaccurate ghinfo.
VA ghTimeliness ghStandards ghNOT ghMET gh- ghCORRECT ghANSWER gh-If ghfee ghappraiser ghfailed ghto
gh explain gh why:
1. Contact ghfee ghappraiser
2. Request ghcorrected ghappraisal ghreport ghcontaining ghexplanation ghfor ghdelay.
Notice ghof ghValue gh(NOV) gh- ghCORRECT ghANSWER gh-
Establishes ghreasonable ghvalue ghof ghsubject ghproperty ghfor ghVA.
Timeliness ghStandards gh- ghUnderwriter ghReview ghand ghIssue ghof ghNOV gh- ghCORRECT
ghANSWER gh- ghMust ghbe ghreviewed ghWITHIN gh5 ghBusiness ghdays:
*If ghnot, ghmust ghenter ghvalid ghexplanation ghin ghWebLGY