Why is my lender requiring an appraisal on a HARP 2.0 loan. They hold the mortgage,at a much higher rate? we've never missed paym

All loans must be approved through the Automated Underwriting System (AUS).. the findings will usually dictate whether or not an appraisal is necessary.. in order for the lender to be protected, they must adhere to the AUS findings.. if it calls for an appraisal, they must ask for one.. don't try to make any sense of this.. on the surface, you're correct,,, it makes no sense, but all these lenders have been having a hay day getting sued left and right, so they err on the side of caution.. Welcome to mortgage lending 2015!!.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com