Appraisal Engagement Letter/ Appraisal Compliance Check Sheet

An Appraisal Engagement Letter/ Appraisal Compliance Check Sheet is a written request for evaluation of real estate. 

This documentation is required when the loan is: 

  • Secured by Real Estate
  • Existing valuation is insufficient
  • Loan amount is > $250,000 (commercial)
  • Loan amount is >$25,500 (1-4 residential dwelling)
  • Secured by Coastal property
  • Purpose is:
    • Construction/renovation
    • Development

 

Appraisals must be ordered using Real Estate Information Management System (RIMS).

  • The Account Officer (Lender) Manual;
  • The Job Managers (Lending Assistant) Manual for Appraisals;
  • The Job Managers (Lending Assistant) Manual for Evaluations is found on here.

 

Note: Documentation must be addressed to Capital City Bank.

 

Once completed, the Appraisal Engagement Letter/ Appraisal Compliance Check Sheet document is uploaded to Synergy (consumer purpose) or Abrigo (business purpose). 


If you need additional assistance with Abrigo, please contact _Abrigo Help
 

 

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