Announcement 19-0040: Requesting Appraisals without VA Certificate of Eligibility (COE) Determination

June 6, 2019

Overview

The Department of Veterans Affairs (VA) released guidance stating appraisals may no longer be requested through WebLGY prior to ordering the veteran’s Certificate of Eligibility (COE).  The COE is extremely important to ensure veterans are eligible for the VA loan benefit before ordering the appraisal.

Effective immediately, the VA requires that all Lender Appraisal Processing Program (LAPP) and Individual (IND) cases must have a COE in the “Active or Pending” status before an appraisal can be requested through the VA appraisal system (WebLGY).

Resources

Refer to the VA Circular 26_19_12 - Requesting Appraisals without the Certificate of Eligibility (COE) Determination for additional information.

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions. Carrington thanks you for your business.

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5
VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

Industry Links

Loan Limits LookupMortgage Letters
This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.
CAREERSINVESTORSabout uswholesale

An Equal Housing Opportunity Lender. Copyright 2007 - 2022 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram