| 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
VA-Home-Loans.com are processed using the LAPP procedure.
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