January 6, 2016

REMN Wholesale has updated the direction Brokers need to take when ordering an appraisal for a Conventional loan. This new procedure is effective immediately.

Momentum Appraisal Group, Inc. – must be used for loans in the state of TX

Nationwide Property and Appraisal Services – must be used for loans in the state of ID

MMC, Inc. – must be used for loans in all states they hold a license in, with the exception of TX

ACT Appraisal Management – must be used for loans in any state that MMC is not licensed in, with the exception of ID.

Please refer to the map below for state specific direction:

map

The broker portal and the website links have been updated. The guidelines will be updated in the near future.

If you have any questions, please contact your Account Executive.