Appraiser Info- New Horizons

Please find my company information along with my fees and the area's I travel. Thank you for passing my information along to your loan officers. I do have references that people can call if needed. If you would also note that I have worked with Mary Catok, George Taho and just started with Richard Turner.Please visit my web site for more information.

FHA $350.00
Condo's $350.00
2-4 Family $500.00
Drive By $250.00
Vacant Lnd $225.00

Counties traveled are: Pinellas, Pasco, Hillsborough, Hernando.

Thank you again for your help.Rebecca Piernik

New Horizon Appraisal Services, LLC.
Rebecca L. PiernikState Certified Residential Appraiser #RD6802
Ph: 727-698-8153
Fx: 727-935-4127
email: www.rpiernik@newhorizonappraisalsvc.com
website: www.newhorizonappraisalsvc.com

FHA condo changes

If you didn’t get the word already, FHA Spot condo approvals have been eliminated as of 10/1/09. We can submit for project approval via our sponsors, but I am sure it will be a very tough process, as the Lenders are now responsible for issuing the FHA project approval not HUD.

Per Mortgagee Ltr 2009-19, this is part of the Housing and Economic Recovery Act, HERA and HUD will continue to maintain a list of approved condo projects.

FHA to FHA streamlines do not require project approval.

FHA REO’s don’t require project approval.

Project approvals are good for 2 years, after 2 years they will require a re-certification to determine they still meet FHA criteria. This also applies to all projects currently on the list of approved condos.

Loan Registrations

Just a reminder that ALL loans must now be registered online at www.TheMortgageIsRight.com/LoanRegistration.
You may also log onto the Support Page at www.TheMortgageIsRight.com/Support and select the link for the Loan Registration page.
It takes less than a minute to register a loan on the Registration Page and I believe you will find it a convenience as opposed to the form we were previously using.
The old form has been removed from the website and will no longer be accepted. Thank you for your attention to this message.

Loan Registrations!!

Please be advised that beginning tomorrow, 9/4/2009, all Loan Registrations must be completed online at our website.
Log onto www.TheMortgageIsRight.com/LoanRegistration and complete the fields of the Loan Registration as applicable.
Note that all ‘Valid’ loan applications must be registered with Innovative within 3- mail days.

CLOSING PACKAGES ADDRESS -Innovative Mortgage- ADDRESS NOTIFICATION EFFECTIVE 07/30

FOR ALL LOANS EFFECTIVE 07/30
All closed loan processed files, all title documents,and all checks must be delivered to the following address:
Attention: Suzanne or Bryan Ehrlich
1430 Flores Ct
Trinity, Fl 34655

Please do not send any documents to the NC address that would be delivered AFTER 07/30. We can only guarantee receipt of packages thru 07/30.

REGARDLESS OF CLOSING DATE ALL CLOSED LOANS AND CHECKS MUST BE DELIVERED TO THE ABOVE ADDRESS BEGINNING JULY 30

FHA allowable cost REVISED

FHA loans restrict the fees payable by the borrower to a combined Broker Fee and Origination Fee to 1% of the loan, which also MUST include the Third Party Processing Fee. The borrower may not pay any fees other than a ‘Broker Fee” and an ‘Origination Fee’ and their combined amount may not exceed 1% of the loan amount. Therefore, any and ALL broker/origination fees charged to and paid by the borrower in excess of a total of 1% on an FHA loan will be refunded to the borrower. This includes FHA Refinance transactions in addition to purchase transactions. The fee of 1% may be exceeded only if the GFE, the purchase contract, and the settlement statement identify broker fees in excess of 1% as having been paid by a party other than the buyer, i.e. the seller. The third party processing fee may be itemized as payable to the third party only under the same circumstances (i.e. paid by the seller). Otherwise, the processing fee must not be itemized separately and must be included in the total 1% charged to the borrower. If the contract processing fee is not paid by a party other than the buyer, Innovative will deduct the fee from the Originator’s total commission and pay it directly to the contract processor.

CLOSING PACKAGES NEW ADDRESS

EFFECTIVE Friday June 19th
All closed loan processed files, all title documents,and all checks must be delivered to the following address:
Attention: Suzanne or Bryan Ehrlich
1195 Watauga River Road
Sugar Grove, NC 28679

ALL PACKAGES MAY BE SENT VIA USPS, UPS, FED EX OR ANY OTHER DELIVERY VENDOR THAT DELIVERS TO THIS ADDRESS.

PLEASE NOTE THAT ALL PACKAGES SHOULD BE SENT WITHOUT SIGNATURE REQUIRED.

REGARDLESS OF CLOSING DATE ALL CLOSED LOANS AND CHECKS MUST BE DELIVERED TO THE ABOVE ADDRESS BEGINNING JUNE 19TH, THIS FRIDAY.
WE WILL ADVISE YOU WHEN TO RESUME SENDING CLOSED LOANS TO THE CORPORATE ADDRESS. UNTIL THEN, THE ABOVE ADDRESS SHALL REMAIN IN EFFECT UNTIL FURTHER NOTICE.