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.