A second appraisal
may be required or optional under certain circumstances. Below
are a few points that relate to a second appraisal:
The date of the
second appraisal must be later than the date of the first appraisal.
When entering a second appraisal,
message boxes are displayed providing users guidance on
when to record a second appraisal. The messages must be
acknowledged before continuing to enter the second appraisal.
If a second appraisal is entered,
message is displayed at
the top of the Appraisal
Logging Update page indicating which appraisal
is being viewed and which appraisal is currently being used
for case processing.
Edits to either the first or
second appraisal may be made until the case is endorsed for
FHA mortgage insurance.