Lender’s Role

For cases processed under LAPP, an amended NOV will be issued in TAS and provided to the veteran purchaser,

·         upon reconsideration by the SAR of additional data justifying an increase in value, of not greater than five percent, or

·         upon receipt of a fee appraiser’s justified recommendation for an increase in value, of not greater than five percent, or

·         upon receipt of the VA letter authorizing an increase in value or other changes to the NOV.

Documentation concerning the change is to be retained for future VA reference.  The amended NOV will replace the original NOV which will not be retained.