Correspondent Lending California Wild Fires-Funding Postponement—November 12, 2018
November 12, 2018
Re: California Wild Fires-Funding Postponement
AIG Correspondent Lending will temporarily postpone all fundings for properties located in the areas impacted by the wild fires in Northern and Southern California. We will reassess the situation after the fires are contained and the damages assessed.
Should it be determined that a property is located in an area impacted by the fires, the following re-inspection requirements will apply:
- A re-inspection completed by the original appraiser on forms 1004D or 442 or a re-inspection by a third party vendor such as but not limited to Clear Capital®, Summit Valuations©, or Pro Teck Valuation Services©.
- The re-inspection must include exterior photos to support the inspector’s comments.
- The re-inspection must certify there is no damage to the subject property.
This funding delay applies to all files not yet purchased and may be expanded to additional areas should the fires spread further.
Please contact Shane Larscheid, Vice President of Sales with specific questions related to this announcement.