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I thought it was tight when they probably didn't receive the appraisal until yesterday.


The explanation was simple, the application didn't make it to the top of the stack.

According to the Home Valuation Code of Conduct (yet another of your precious regulations), the appraisal must go through quality control at the Appraisal Management Company, a third party between the loan originator and the appraiser. This law is fraught with problems and is thought by many to be the reason the real estate market isn't more robust.

New Home Appraisal Rules Cause Chaos

Is the lender going to 'splain all this to you? No. Their pat, time-saving answer is, "The application didn't make it to the top of the stack." In other words, "Go pound sand. We'll get to it when we can get to it. You don't call the shots around here with our money."
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