All valuation orders for MI Termination are interior values so the borrower will need to provide access to the property to one of the following people, depending on the valuation that is ordered.
-
- A broker will contact the borrower to inspect the property when a BPO is ordered
- A property inspector will contact the borrower when a one-unit appraisal is ordered
- An appraiser will contact the borrower when a 2-4 unit appraisal is ordered.
Each respective provider will inform the borrower that they are completing the inspection on behalf of the servicer.