Can I close under a corporate name?

Who orders the appraisal?

What is your appraisal process?

Would ACC accept an appraisal which is already completed?

Who orders title?

Can you do blanket mortgages?

 

Can I close under a corporate name?
Title can be vested in the name of corporations, LLC’s and trusts. Additional documentation, such as a corporation’s Articles of Incorporation and Certificate of Good Standing, will be required.

 

Who orders the appraisal?
All appraisals are ordered by ACC in order to maintain industry quality standards and to make the loan process as efficient and streamlined as possible. Our style of underwriting and evaluating appraisals allows us quicker response times and a faster turnaround time to get your loan closed.

 

What is your appraisal process?
Our Pre-approval letter will inform you of the estimated cost for the appraisal. The borrower can provide payment through wire transfer or by mailing a cashier’s check to the address provided. An appraisal request will then be sent to an appraisal bidding service company. The bidding process usually takes 48 hours. Once a bid has been accepted, an appraisal will be ordered. Appraisals are in full narrative summary, and can take anywhere from 2 - 6 weeks to be completed.

 

Would ACC accept an appraisal which is already completed?
Perhaps, as long as the appraisal is in a format acceptable to us, is a quality appraisal, and was completed within the last 6 months.

 

Who orders title?
Action orders title to maintain a smooth and speedy loan process.

 

Can you do blanket mortgages?
Yes we can, but the properties must fall under the same property category or new terms may apply. See your ACC Account Executive for more information.

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