Appraisal Coordination Checklist

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Initial Request & Order Placement

1 of 6

Tasks related to receiving the appraisal request and submitting it to the appraisal vendor.

Loan Type

Borrower Name

Property Address

Loan Amount

Order Placement Date

Appraisal Vendor

Order Number/Reference

Special Instructions for Appraiser (e.g., access details, specific comps to consider)

Appraiser Selection & Communication

2 of 6

Activities concerning choosing an appraiser and maintaining contact.

Appraiser Selection Method

Appraiser Name

Appraiser Phone Number

Appraiser Email Address

Initial Contact Date

Communication Log (Notes on interactions with appraiser)

Appraiser Confirmation of Availability

Scheduled Walk-Through Time (if applicable)

Property Information & Access

3 of 6

Ensuring the appraiser has necessary details and access to the property.

Property Address (including unit # if applicable)

Property Legal Description (if available)

Number of Bedrooms

Number of Bathrooms

Specific property characteristics impacting value (e.g., view, upgrades, condition)

Property Type

Date and Time of Key Availability (if applicable)

Contact Instructions for Property Access (e.g., lockbox code, gate code, contact person)

Access Method

Lockbox Location (if applicable)

Appraisal Review & Follow-Up

4 of 6

Checking the appraisal status, addressing any issues, and following up with the appraiser.

Appraiser Estimated Completion Date

Appraisal Status

Notes on Appraisal Progress/Communication

Date of Last Follow-Up

Number of Days Since Last Follow-Up

Reason for Delay (If Applicable)

Details of Delay Reason (if 'Other' selected)

Final Appraisal Delivery & Verification

5 of 6

Receiving the completed appraisal report and confirming its accuracy and completeness.

Appraisal Report Received Date

Appraisal Report File

Initial Appraisal Review Notes

Appraised Value

Value Reconciliation Required?

Value Reconciliation Explanation (if applicable)

Compliance Review Completed?

Compliance Review Notes

Appraisal Acceptance Status

Rejection/Revision Reason (if applicable)

Compliance & Documentation

6 of 6

Ensuring appraisal process adheres to regulations and maintaining appropriate records.

Appraiser Licensing Verification Status

Appraiser License Expiration Date

Appraiser Independence Rule (AIR) Compliance

Notes/Explanation of AIR Compliance (if 'Requires Review')

Copy of Appraiser License (if verification not already on file)

Appraiser ID Number (for tracking/audit)

Record of Communication Regarding Compliance (e.g., licensing issues)

Review of Appraisal Ordering Disclosure

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