VA Appraisal Process-LAPP for obtaining VA loans

VA Home Loan Appraisal

VA (Veterans Administration) requires that all appraisals be completed by VA approved appraisers. This helps protect Veterans. In the past this was a time consuming task because once the appraisal was completed, it had to be sent to VA for review, and issue a CRV (Certificate of Reasonable Value), then the CRV was sent to the lender and the loan closed.

LAPP - Lender Appraisal Processing Program

LAPP streamlines the process of veterans getting a VA loan by providing lenders with a tool that would augment their automatic underwriting authority with the ability to make value determinations without VA. All loans completed by are processed using the LAPP procedure.