** Link: PIW Disclosures

** Linked document is editable.  1st page is required as Initial Disclosure.  2nd page is required as PTC condition, after appraisal has been accepted by GMG and received by borrower.

 

- Sample -

 

       Name:                                                                        

 

       Address :                                                                        

 

       Borrower Name(s):                                                                        

 

       Property Address:                                                                        

 

 

Appraisal Report Delivery Disclosure

 

Under our policies and procedures related to compliance with the Home Valuation Code of Conduct, if we use an appraisal report in connection with your residential mortgage loan application (other than a FHA or VA government insured or guaranteed mortgage), you are entitled to receive a copy of the appraisal report at least three business days prior to signing your loan documents (called “closing”).

 

You will not be required to pay an additional amount to us to receive a copy of the appraisal report.

 

You may waive the three business day advance delivery of the appraisal report. If the appraisal report is not provided to you three business days in advance of your estimated closing date, you will be deemed to have waived this requirement if you have not told us that you want to postpone the closing of your loan. If you wish to exercise your right to the three business day review of your appraisal report, you must inform us at least 24 hours prior to the scheduled closing time to give us enough time to delay your closing.

 

By executing closing documents, you will be deemed to have waived the three-day requirement. If the three-day requirement is waived, we will provide you with a copy of the appraisal report no later than loan closing.

 

The appraisal report used in connection with your credit application was prepared solely for our use in evaluating a request for an extension of credit. The appraisal should not be relied upon by any other person or entity. We make no express or implied representation or warrant of any kind, and we expressly disclaim any liability to any person or entity with respect to the property valuation.

 

 

                                                                                               

Borrower                                                        Date

 

                                                                                               

Borrower                                                        Date

 

                                                                                               

Borrower                                                        Date

 

                                                                                               

Borrower                                                        Date

 

       Applicant:                                                                        

 

       FNMA Case ID:                                                                        

 

       Loan No:                                                                        

 

       Property:                                                                        

 

Borrower Acknowledgement of Appraisal Delivery

 

As earlier disclosed in the Appraisal Report Delivery Disclosure, I understand that I am entitled to receive a copy of any appraisal concerning the subject property at least three business days prior to signing my loan documents (also called the loan closing) and that I may waive this three-day requirement.

 

By signing below, I either (i) acknowledge receipt of any appraisal concerning the subject property at least three (3) business days prior to closing, or (ii) acknowledge that I have waived the three (3) business day advance receipt of any appraisal concerning the subject property and have agreed to receive a copy of any appraisal no later than at the time of the loan closing.

 

If there are multiple borrowers on this loan application, only one borrower is required to sign below.

 

 

                                                                                       

Borrower Printed Name                                Date

 

                                                       

Borrower Signature Name        

                       

 

                                                                                       

Borrower Printed Name                                        Date

 

                                                       

Borrower Signature                                        

 

 

                                                                                       

Borrower Printed Name                                Date

 

                                                       

Borrower Signature Name        

                       

 

                                                                                       

Borrower Printed Name                                        Date

 

                                                       

Borrower Signature