Exactus Appraisal Management, LLC has been selected as the Appraisal Management Company and will be ordering your appraisal through a controlled Appraiser Panel. The appraiser chosen will be a licensed professional approved by the state appraisal board for which the property is located and in good standing. This will ensure that the appraisal will be compliant and adhere to the Uniform Standards of Professional Practice.
The law prohibits borrowers from paying appraisers directly. In order to comply, you have been asked to supply your credit card information for the payment of the appraisal service. Exactus Appraisal Management, LLC will then charge your credit card. The collection of the appraisal fee is not contingent on the closing of a loan or a predetermined valuation of the property, nor does it guarantee a loan approval and is not a commitment to lend.
The appraisal fee collected by Exactus Appraisal Management, LLC is non-refundable. The only exception is if the appraisal was cancelled by written communication from the homeowner/borrower PRIOR to the appraiser completing an inspection of the property. In the event of a cancellation, Exactus Appraisal Management, LLC will reimburse the customer with a check sent through standard postal delivery and will arrive approximately 3-5 business days after receiving the written cancellation notice.
By submitting this form, you acknowledge receipt of a copy of this Disclosure and authorize the appraisal service to be performed.
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