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    How to get your Appraisal Waived

     

    Wyndham Capital is one of the few mortgage lenders who utilize Fannie Mae's Day 1 Certainty. In a nutshell, Day 1 Certainty helps make the mortgage process much smoother and quicker for applicants.

    There are three major perks to Fannie Mae's tool. Here's how it benefits you as a borrower:

     

    Appraisal waivers

    With Day 1 Certainty, you may not need an appraisal for purchase or refinance loans. In addition to saving you the cost of an appraisal fee (which could be upwards of $500), it will also speed up the loan process; you won't need to schedule and wait for an appraisal, and then wait again for the official appraisal amount. Wyndham can simply waive the requirement and continue with your application in seconds.

     

    AccountChek

    This is another huge time-saver. With AccountChek, you can provide tax returns electronically. You can also give Wyndham permission to pull your bank statements, so everything is compiled with just the click of a button. This will save you the hassle of manually sorting through and collecting dozens of documents.

     

    Employment verification

    If we can instantly verify your employment, that means we can instantly validate your income. In short, that keeps you from having to provide W-2s and any other proof of income.

     

    How does it work?

    Once you consent to have your electronic data and credit report pulled, Wyndham will run the Fannie Mae program to see if you're eligible. You'll have an answer within seconds.

    Freddie Mac has its own version of Day 1 Certainty called Loan Advisor. If you're not eligible with Fannie Mae, Wyndham can run Freddie Mac's program to see if that's a better fit for you.

    Wyndham Capital has adopted Day 1 Certainty and Loan Advisor well ahead of the rest of the mortgage industry. It's part of our commitment to provide outstanding customer service and turn times faster than the industry average.

     

    Want to see if you're eligible for an appraisal waiver? Get in touch with one of our Loan Officers today!

     

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