R-014 VA Alternative Valuation Methods – Circular 26-22-13
NOTICE TO RETAIL LOAN ORIGINATORS
VA Alternative Valuation Methods – Circular 26-22-13
The Department of Veterans Affairs announced via Circular 26-22-13 and Attached Exhibits A and B the new procedures for allowing alternative valuation methods in response to the high demand for appraisals and limited availability of appraisers in certain local markets.
Loan Originators/Lenders must refer to Exhibit A for specific information related to the appraisal assignment waterfall to be followed. With this announcement, FLCBank accepts VA alternative valuation methods which are summarized in the table below.