At my company it takes anywhere from a few days to a week after the appraiser goes to the property.
Ruth Bonapace
mortgage specialist
ruthbonapace@gmail.com
allow 30 days - new changes are delaying this process.
Two sided question...
One.. after the apprasial report is ordered, depending upon the bank, it could be a week to get the appraiser into the property and it could happen within a 48 hours ( very rare)
Two.. if the appraisal has just been done.. you are at the mercy of the apprasier and his/her schedule, when they get back to the office complete the data entry and send it to the bank.. I have seen 48 hours and I have seen10 days... also depends on the appraiser and performance.
Without knowing your particular situation. (Purchase, Refinance, FHA etc) Depending on the Bank and several other factors it could take up to a week or more. Normaly the bank will place the order for the appraisal. The order will be assigned to an appraiser. The appraiser has to make an appointment and do the inspection at the property. This can take a few days. Once the inspection is completed the appraiser has to gather all of the data needed for the report. Usually the report is submitted back to the bank within a day or two of the inspection. The appraisal report is then reviewed by an underwriter before being approved. Without any outside factors the bank should have the appraisal within a week. Any further questions please ask.
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