Get the free Appraisal Fee Authorization Form

This form is used to authorize the appraisal fee and collect borrower information for appraisal services ordered through an Appraisal Management Company (AMC). It includes payment method options and requires personal and billing information from the borrower.

How to fill out appraisal fee authorization form

How to fill out appraisal fee authorization form

1. Obtain the appraisal fee authorization form from your lender or real estate agent.
2. Read the instructions carefully to understand what information is required.
3. Fill in the borrower's information including name, address, and contact details.
4. Provide details about the property to be appraised, including its address and any relevant identification numbers.
5. Enter the amount you are authorized to spend on the appraisal fee.
6. Indicate the method of payment, if required by the form.
7. Review all the information to ensure accuracy.
8. Sign and date the form to authorize the appraisal fee.
9. Submit the completed form to your lender or real estate agent as instructed.

Who needs appraisal fee authorization form?

1. Homebuyers or homeowners refinancing their mortgage.
2. Real estate agents preparing for property transactions.
3. Lenders assessing loan applications that require an appraisal.

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What is appraisal fee authorization form?

An appraisal fee authorization form is a document that provides permission for a lender or financial institution to charge a borrower for the costs associated with an appraisal of a property.

Who is required to file appraisal fee authorization form?

Typically, the borrower who is seeking a mortgage or refinancing of a property is required to file the appraisal fee authorization form.

How to fill out appraisal fee authorization form?

To fill out the appraisal fee authorization form, the borrower needs to provide their personal information, details about the property being appraised, and sign the form to authorize the lender to charge for the appraisal fee.

What is the purpose of appraisal fee authorization form?

The purpose of the appraisal fee authorization form is to obtain the borrower's consent to cover the costs of the appraisal, ensuring transparency and agreement on the fees associated with the mortgage process.

What information must be reported on appraisal fee authorization form?

The appraisal fee authorization form must report the borrower's name, address of the property, loan number, estimated appraisal fee, and the borrower's signature to authorize the fee.