Introduction
Appraisers assess the fair market value of properties, playing a crucial role in private mortgage transactions. Enabling this feature allows you to store appraiser details, valuation reports, and other essential information within loan files.
Navigating to This Section
Click the Gear icon in the top-right corner to open Settings.
Select Company Settings.
Use the left-hand navigation menu to expand Loan Setup/Origination.
Locate Stakeholder Setup.
Tip: Only enable the appraiser module if your firm regularly engages appraisers. Keeping unnecessary modules disabled ensures a streamlined interface.
Configuring Appraisers
Enabling Appraiser Tracking
In the Stakeholder Setup section, find the Appraisers setting.
Select Yes to activate the feature.
Once enabled, an Appraisers section will be available within loan files to store valuation details.
Reminder: Activating this feature adds appraisal tracking fields to all loans. Disable it if appraisals are not part of your standard process to maintain a cleaner workflow.
Managing Appraiser Information in Loans
Record appraiser details such as contact information, valuation reports, and appraisal dates.
Attach supporting documents and track property valuation updates within loan files.
FAQs
What does enabling the Appraisers module do?
Enabling this setting adds a dedicated Appraisers section within each loan file, allowing you to track property valuations efficiently.
Should I enable this feature for all loans?
Enable this feature only if your firm regularly requires property appraisals for loan approvals. Otherwise, keep it disabled to maintain a simplified interface.
Can I disable appraiser tracking later?
Yes, you can turn off the feature anytime. Any previously recorded appraisal data will remain accessible in existing loan files.
Does enabling appraiser tracking affect other loan settings?
No, it only adds a section for appraiser details and does not impact other loan configuration settings.
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.