VA FAQ #13 - What is a VA LAPP Lender and Why you should work with us.
VanDyk Mortgage is a VA LAPP Lender. So what does that mean? LAPP stands for the Lender Appraisal Processing Program. VA lenders such as VanDyk Mortgage get set up as LAPP VA lenders to get better control over the VA Appraisal timelines. With LAPP VA Appraisals, once the VA Appraiser from the VA's Appraiser panel returns the Vompleted VA Appraisal to the VA Appraisal Portal, we assign our own VA Underwriter to review the Appraisal and issue the NOV or Notice of Valuation.
What does this mean to you as a VA home buyer? Since it's our own staff reviewing the VA Appraisal and issuing the final NOV Approval, our timelines are under our control. Brokers and Independent VA Lenders must wait for their Regional VA office to underwrite their Appraisals, that can take anywhere from a normal 2-5 days, to excessive times such as 3-4 weeks (which are actual timelines experienced by Independent lenders using one of the regional VA offices due to budget cuts, to underwrite their Appraisals last year).
We are proud to be a LAPP VA Lender, as it allows us to offer expedited timelines for VA Loans, just like FHA or Conventional Loans.
For help with your VA or VA Jumbo Loan, get started here on your Fast Forward Approval.
This is part 13 of our VA FAQ series for Frequently Asked VA Loan Questions. FAQ = Frequently Asked Questions, and when it comes to VA & VA Jumbo Loans, we get plenty of questions and we have the answers for you.
We have been making VA Loans since 1987 and are a Direct Lender offering both VA Loans and VA Jumbo Loans for the Purchase or Refinance of your Primary Home. Please give us a call to get help with your VA Loan or VA Jumbo Loan questions, and see if you qualify for a VA Home Mortgage - 866-900-2342 toll free direct, or contact us online at VanDykFunding.com.
We offer VA Loans, VA Jumbo Loans (aka VA High Balance Loans) for purchase, refinance and VA IRRRL streamline thoughout our service area: California, Colorado, Georgia, Indiana, Massachusetts, Michigan, Mississippi, Tennessee, Texas, Virginia, Washington and Wyoming. Give us a call to get started today - 760-752-4480