The BPO or appraisal value is valid for 120 days from the date the initial valuation product is delivered to SMDU. Servicers are encouraged to submit a homeowner appeal within 60 days of initial evaluation date. This will allow adequate time for the information provided by the homeowner to be reviewed with the service provider. For clarification, submitting a homeowner appeal does not extend the 120-day expiration date.
For more information see: “Appeal a Completed Valuation” section of the MIT User Guide.