Introduction
Configuring appraisal and site inspection settings ensures accurate property evaluations while reducing repetitive setup tasks. This guide covers setting a default Valuation Mode, enabling Property Entry Details, and optimizing your workflow.
Navigating to This Section
1. Click the Gear icon in the top-right corner to open Settings.
2. Select Company Settings.
3. Use the left-hand navigation menu to find and expand Loan Setup/Origination.
4. Locate Property Fields.
Tip: If you cannot access Property Fields, ensure you have the necessary permissions or check with your administrator.
Appraisal/Site Inspection Settings
Valuation Mode
The Valuation Mode determines how properties are evaluated during loan origination. Choose the option that best aligns with your underwriting process:
Valuation Mode | Description |
Inspection | Enables only inspection-related fields. |
Appraisal | Enables only appraisal-related fields. |
Both | Enables all fields for both inspections and appraisals. |
N/A | Hides all inspection and appraisal fields. |
Best Practice: Select the Valuation Mode that applies to most of your loans. You can adjust it on a per-loan basis as needed.
Property Entry Details
If the Valuation Mode includes an appraisal, you can enter Property Entry Details to provide appraisers with access instructions.
Tip: Including detailed property access information prevents delays and ensures a smooth appraisal process.
FAQs
Can I change the Valuation Mode for individual loans?
Yes, you can update the Valuation Mode on a per-loan basis while keeping a default setting for most cases.
What happens if I disable a field?
Deselecting a field hides it from view but retains the data. You can re-enable it anytime.
Why should I provide Property Entry Details?
Providing entry details ensures appraisers have the necessary access information, reducing scheduling issues.
Need Further Assistance?
For additional support, contact us:
📧 Email: support@mortgageautomator.com
💬 Live Chat: Click the question icon at the top-right corner of your screen.