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Old 02-07-2008, 08:16 PM
Dan Harris Dan Harris is offline
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Location: Mesa AZ
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Mtg companys requiring HI
I recieved a call today from a mtg. co. wanting an inspection on a property they were refinancing.
Turned out I did an inspection in 2005 on the property, and the mtg company now needed a new, current inspection.
Is this something new, a start of new mtg requirements?
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Old 02-07-2008, 10:29 PM
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Joseph P. Hagarty Joseph P. Hagarty is offline
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Re: Mtg companys requiring HI
It seems like a lot of things are tightening up.

We are getting calls for WDI Inspections (NPMA-33) on homes less than 1 year old by lenders for new loans as well as Re-Fi.
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Old 02-08-2008, 12:16 PM
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Rick Hurst Rick Hurst is offline
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Re: Mtg companys requiring HI
Never had a mortgage co. call for an HI on a refi, but they have called numerous times to request a WDI report for the underwriters.
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Old 02-09-2008, 09:36 AM
Dan Harris Dan Harris is offline
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Re: Mtg companys requiring HI
Quote:
Originally Posted by Rick Hurst View Post
Never had a mortgage co. call for an HI on a refi, but they have called numerous times to request a WDI report for the underwriters.
I did the inspection yesterday, Turns out it was for a reverse mtg.
Maybe it makes a differnce, between that and a regular mtg.
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Old 02-09-2008, 12:29 PM
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Gunnar Alquist Gunnar Alquist is online now
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Re: Mtg companys requiring HI
I have done a few reverse mortgage inspections. I don't mean that they are any different than a regular inspection... you get my drift.
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