VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary

va-m26-7-ch10-t01

VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary.

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  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary
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    section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary
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      authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary
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      paragraph_quote: '1. Appraisal Process Summary Change Date March 11, 2019 • This chapter has been revised in its entirety. a. Purpose Appraisals are performed to protect the interests of Veterans, lenders, servicers and VA. b. Appraisals Requested Online Authorized requesters may order appraisals online in WebLGY only after a Certificate of Eligibility (COE) has been requested. In most cases, VA will automatically assign an appraiser on VA’s fee appraiser panel to perform the appraisal. c. Appraisal Guidelines The fee appraiser will estimate the market value of the property in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) and VA appraisal guidelines. The appraiser will note any readily apparent repairs needed for the property to meet VA’s Minimum Property Requirements (MPRs). d. Appraisal Review The completed appraisal report will be uploaded into WebLGY and electronically scored by VA’s Appraisal Management System (AMS). A Staff Appraisal Reviewer (SAR) employed by a lender or servicer, or VA staff, will review the appraisal and issue a Notice of Value (NOV) to the Veteran. e. Oversight VA staff performs oversight by conducting desk and field reviews of completed appraisals and NOVs. VA Pamphlet 26-7, Revised Chapter 10: Appraisal Process 10-4'

Verbatim regulatory text (1)

Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary

1. Appraisal Process Summary Change Date March 11, 2019 • This chapter has been revised in its entirety. a. Purpose Appraisals are performed to protect the interests of Veterans, lenders, servicers and VA. b. Appraisals Requested Online Authorized requesters may order appraisals online in WebLGY only after a Certificate of Eligibility (COE) has been requested. In most cases, VA will automatically assign an appraiser on VA’s fee appraiser panel to perform the appraisal. c. Appraisal Guidelines The fee appraiser will estimate the market value of the property in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) and VA appraisal guidelines. The appraiser will note any readily apparent repairs needed for the property to meet VA’s Minimum Property Requirements (MPRs). d. Appraisal Review The completed appraisal report will be uploaded into WebLGY and electronically scored by VA’s Appraisal Management System (AMS). A Staff Appraisal Reviewer (SAR) employed by a lender or servicer, or VA staff, will review the appraisal and issue a Notice of Value (NOV) to the Veteran. e. Oversight VA staff performs oversight by conducting desk and field reviews of completed appraisals and NOVs. VA Pamphlet 26-7, Revised Chapter 10: Appraisal Process 10-4

Source: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary · source URL · snapshot 454f0e7af6f49c3b

Operationalizing VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 1 — Appraisal Process Summary

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/va-m26-7-ch10-t01/ · register va-m26-7-ch10-t01 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.