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What are the benefits of participation in SAPP?

Published 08/10/2012 01:04 PM   |    Updated 08/10/2012 01:10 PM

What are the benefits of participation in SAPP? Why should lenders accept the risk?

Your benefit to participating is first hand review of the appraisal. Lenders currently have the ability to review appraisals at origination and therefore, it was determined that it may be beneficial for servicers to also be allowed to review the appraisal for a foreclosure process.