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Bulletin #2018-08 Appraisal Submission Updates

New Penn Financial National Correspondent Division is pleased to announce the following enhancement regarding appraisal submission.

Bulletin #2018-08

TO: Correspondent Lender Partners

FROM: New Penn Financial National Correspondent Division

DATE: June 11, 2018

SUBJECT: Appraisal Submission Updates

New Penn Financial National Correspondent Division is pleased to announce the following enhancement regarding appraisal submission.

We have recently upgraded LION to recognize color appraisals included within both initial Underwriting submission packages OR closed loan packages!

This means you no longer have to break out your color appraisal separately, simply upload with your normal package delivery through LION.  If you fail to include your appraisal in your normal loan package and receive a condition for it, this will also be pulled into the system in Color, separate email is no longer required.

That said, if for some reason you still would like to provide your color appraisal separately you may still utilize appraisalimaging@newpennfinancial.com  BUT you must include ONLY the NPF Loan number in the email subject line.  Any other characters or symbols such as # will cause the email method to fail. Correct submission of recommended documentation may expedite and reduce conditions for underwriting review. 

To view this announcement online or for more information about our loan products, turn times and for additional resources, visit www.newpenncorrespondent.com     

New Penn Financial, LLC

National Correspondent Division

1000 Oliver Road, Suite 300

Monroe, LA  71201

www.NewPennCorrespondent.com