Acknowledgement Of Receipt Of Appraisal|Fill out & sign online

Last updated on May 12th, 2024 at 09:05 pm

Acknowledgement of Receipt of Appraisal is a crucial step in the appraisal process, ensuring clarity and accountability between all parties involved.

This acknowledgement serves to confirm that the recipient has received the appraisal report and acknowledges its contents. 

By formally recognizing the receipt of the appraisal, both the appraiser and the recipient establish a clear understanding of the appraisal’s completion. In the following discussion, we will explore the significance of this acknowledgement and provide examples to illustrate its importance in the appraisal process.

List Of  Acknowledgement of Receipt of Appraisal:

  • Importance of Acknowledgement of Receipt of Appraisal:
  • Crafting an Effective Acknowledgement:
  • Examples of Acknowledgement:
  • Example 1: Acknowledgement
  • Example 2: Acknowledgement
  • Example 3: Acknowledgement
  • Example 4: Acknowledgement
  • Example 5: Acknowledgement
  • Example 6: Acknowledgement
  • Example 7: Acknowledgement
  • Example 8: Acknowledgement
  • Example 9: Acknowledgement
  • Example 10: Acknowledgement
  • Example 11: Acknowledgement
  • Example 12: Acknowledgement

Importance of Acknowledgement of Receipt of Appraisal:

Importance of Acknowledgement of Receipt of Appraisal

The acknowledgment of receipt of an appraisal serves several purposes:

  • Confirmation of Receipt: It confirms that the recipient has indeed received the appraisal report, eliminating any uncertainties regarding delivery.
  • Acknowledgment of Completion: By acknowledging the receipt, the recipient affirms that the appraisal process has been completed from their end.
  • Opportunity for Feedback: It provides an opportunity for the recipient to offer feedback or raise any concerns regarding the content of the appraisal report.
  • Professionalism and Courtesy: Acknowledging the receipt demonstrates professionalism and courtesy, fostering positive relationships between the appraiser and the recipient.

Crafting an Effective Acknowledgement:

When crafting an acknowledgement of receipt of an appraisal, it’s essential to follow a structured approach:

  • Addressing the Recipient: Begin by addressing the appraiser by name, if known, to personalize the acknowledgment.
  • Express Gratitude: Thank the appraiser for their promptness and diligence in completing the appraisal, acknowledging the effort invested.
  • Confirmation of Receipt: Clearly state that the appraisal report has been received and will be reviewed carefully.
  • Offering Feedback (if necessary): If feedback or questions arise from the appraisal report, mention the intention to provide timely feedback or seek clarification.
  • Maintain a Professional Tone: Keep the tone professional and respectful throughout the acknowledgment, regardless of any disagreements or concerns.
  • Closing Remark: End the acknowledgment with a closing remark, such as expressing gratitude again or conveying the desire for future collaboration.

Examples of Acknowledgement:

Example 1: Acknowledgement

Example 1: Acknowledgement

Dear [Appraiser],

Thank you for your prompt and thorough work in completing the appraisal of [property address] on [date]. We have now received the appraisal report and have reviewed it carefully.

We appreciate the time and effort you put into this appraisal, and we are confident that the information provided is accurate and reliable. Your attention to detail and professionalism are evident in the report, and we are grateful for your expertise in this matter.

Please do not hesitate to contact us if you have any further questions or concerns. We look forward to working with you again in the future.

Sincerely,

[Your name]

Example 2: Acknowledgement

Dear [Appraiser],

Thank you for sending us the appraisal report for the property at [Property Address]. We have received the report and will review it carefully.

Please let us know if you have any questions or need any further information from us.

Sincerely,

[Your Name]

Example 3: Acknowledgement

Example 3: Acknowledgement

Dear [Appraiser],

Thank you for completing the appraisal of [property address] on [date of appraisal]. We acknowledge receipt of the appraisal report and appreciate the thorough and professional manner in which you conducted the appraisal.

We will review the report and provide any necessary feedback in a timely manner. If you have any questions or need further information, please don’t hesitate to contact us.

Thank you again for your services.

Sincerely,

[Your Name]

Example 4: Acknowledgement

Dear [Appraiser],

We are writing to acknowledge receipt of the appraisal report for [property address] that you completed on [date of appraisal]. We want to express our sincere appreciation for the thorough and professional manner in which you conducted the appraisal.

We have reviewed the report and are pleased with the level of detail and analysis included. The report accurately reflects the current condition and value of the property, and we have no further feedback at this time.

We would like to thank you for your prompt and efficient service. Your expertise and attention to detail have been invaluable in helping us accurately assess the value of the property.

If you have any questions or need further information, please don’t hesitate to contact us.

Sincerely,

[Your Name]

More To Read About Acknowledgement | Notary Acknowledgement |Sample Forms

Example 5: Acknowledgement

Example 5: Acknowledgement

Dear [Appraiser],

Thank you for completing the appraisal of [property address] on [date of appraisal]. We have received the appraisal report and appreciate the time and effort you put into conducting the appraisal.

We are satisfied with the level of detail and analysis included in the report and believe it accurately reflects the current condition and value of the property. However, we do have some feedback and questions regarding certain aspects of the appraisal. We have highlighted these areas in the report and would appreciate your clarification.

Once again, we want to express our gratitude for your professional and thorough appraisal of the property. We look forward to your response and to working with you in the future.

Sincerely,

[Your Name]

Example 6:Acknowledgement 

Dear [Appraiser],

Thank you for completing the appraisal on [property address] for [borrower/lender]. We have received the appraisal report and will review it promptly.

If we have any questions or need any additional information, we will be in touch.

Thank you for your prompt attention to this matter.

Sincerely,

[Your Name]

Example 7: Acknowledgement

Example 7: Acknowledgement

Dear [Appraiser],

Thank you for completing the appraisal of [property address] on [date]. We acknowledge receipt of the appraisal and appreciate the time and effort you put into preparing it.

If you have any further questions or need anything else from us, please don’t hesitate to reach out.

Sincerely,

Your Name

Example 8: Acknowledgement

Dear Ms. Johnson,

We extend our sincere gratitude for your meticulous work in completing the appraisal of 123 Oak Street on January 15th. The appraisal report has been received, and we are in the process of reviewing it diligently.

Your attention to detail is commendable, and we appreciate the thoroughness of the report. Should any questions arise during our review, we will not hesitate to reach out for clarification.

Warm regards, 

[Your Name]

Example 9: Acknowledgement

Example 9: Acknowledgement

Dear Mr. Patel,

Thank you for promptly sending us the appraisal report for the property located at 456 Maple Avenue. We have received the report and will commence with a thorough review at the earliest convenience.

Your professionalism throughout this process is greatly valued, and we look forward to any further collaboration.

Best regards, 

[Your Name]

Example 10: Acknowledgement

Dear [Appraiser’s Name],

We acknowledge receipt of the appraisal report for 789 Pine Street, completed on February 10th. Your dedication to conducting a comprehensive appraisal is evident, and we appreciate your efforts.

We will carefully review the report and provide any necessary feedback promptly.

Thank you for your assistance.

Sincerely, 

[Your Name]

Example 11: Acknowledgement

Dear [Appraiser’s Name],

Thank you for your recent appraisal of 1010 Elm Court. We have received the report and commend you for your thoroughness and professionalism.

We will review the report diligently and will reach out should any questions arise.

Warm regards, 

[Your Name]

Example 12: Acknowledgement

Dear [Appraiser’s Name],

We want to express our gratitude for completing the appraisal of 1313 Willow Lane. The appraisal report has been received, and we will begin our review promptly.

Your expertise is evident in the thoroughness of the report, and we appreciate your dedication to accuracy.

Thank you once again.

Best regards, 

[Your Name]

FAQs

When must a creditor provide a copy of an appraisal?

A creditor must provide a copy of an appraisal to the borrower promptly, usually no later than three business days before closing.

How many days does a borrower have to receive a copy of the appraisal under ECOA?

Under the Equal Credit Opportunity Act (ECOA), borrowers typically have three business days to receive a copy of the appraisal after applying for a loan.

What is the purpose of the appraisal letter?

The purpose of the appraisal letter is to inform the borrower about the estimated value of the property they intend to purchase or refinance. It helps them understand the property’s worth and influences the lending decision.

What should I answer in the appraisal form?

In an appraisal form, you may need to provide information about the property’s condition, any recent renovations or improvements, and comparable properties in the area. It’s essential to be truthful and accurate in your responses.

Can a loan be denied after an appraisal?

Yes, a loan can be denied after an appraisal if the property’s value is lower than expected, affecting the loan-to-value ratio or other lending criteria.

Who pays for the appraisal if the loan is denied?

If the loan is denied, the borrower typically still needs to pay for the appraisal unless the lender agrees to waive the fee.

How fast can you close after an appraisal?

The closing timeline after an appraisal depends on various factors, such as lender processing, underwriting, and title search. Typically, it can take anywhere from a few days to a few weeks to close after an appraisal.

Conclusion:

Acknowledging receipt of an appraisal is a fundamental step in the appraisal process, ensuring clarity and professionalism between the parties involved. By following a structured approach and maintaining a respectful tone, recipients can effectively acknowledge the receipt of the appraisal and foster positive relationships with appraisers.

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