JVM Lending is currently unable to accept new refinance applications because we have exceeded our loan volume capacity limit and are unable to process new refinance loans until our current pipeline is cleared.

We sincerely apologize for this inconvenience. However, we are still accepting new home purchase applications, as we still have capacity in our purchase division.

Posts

Why & When Appraisals Do NOT Equal Market Value

BEATING THE APPRAISAL DEAD HORSE I beat this dead horse more than any other simply because the issue surfaces so often. This week was no exception when a buyer of ours got cold feet when his appraisal came in $25,000 under contract price. This happens from time to time in hot markets whenever there are […]Read More

Appraisal Condition/Health & Safety Issues to Watch For!

Realtors are often frustrated about “condition” and “health & safety” issues that get called out by appraisers, and they come to us for guidance. They obviously want to avoid getting conditions called out by appraisers that will either cost too much to repair, delay closings, or kill deals altogether. Our Appraisal Manager, Jennifer Muzzall, provided […]Read More

Why Appraisals Do NOT Reflect Market Values In Hot Markets

Appraised Values often do not reflect market values. We address this often b/c there is so much confusion about this in the overheated California housing markets. The reason is that appraisal guidelines force appraisers to only use “closed” comparable sales. Appraisers cannot correlate to offers or pending sales. In a quickly appreciating market, closed sale […]Read More

Loans Are About Rules/Regulations & Not About “Making Sense”/Logic

We have a very strong borrower whose loan is held up right now b/c the appraiser is unable to find rental data (for a rent survey) that is necessary for an FHA triplex appraisal. We and the borrower (and the appraiser) are extremely frustrated b/c we all know market rents are much higher than available […]Read More