We order ALL of our appraisals as rushes. The extra fees for the rush-appraisals are substantial, but well worth it. JVM absorbs all extra fees. Our borrowers only get charged standard appraisal fees.
We order and pay for rush appraisal fees b/c we: (1) get better quality work; (2) are more likely to get an appraisal to come in at value; (3) get appraisals back far, far faster allowing us to remove contingencies or to move on to a new lender (if necessary) much faster.
Even our appraiser-friends corroborate the value of ordering rush-appraisals. Lenders that do not are woefully behind in the game.
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646