Adding a Property Inspection Waiver

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Within the Subject Property page there exists additional functionality under the Additional Property Details flyout link. The user has the ability to edit the borrower’s Final Subject Property Information.

 

The User can select “yes” or “no” regarding the addition of a Property Inspection Waiver (PIW). Adding a PIW will cause a couple events to trigger within the iMP.

 

  • The addition of the PIW will cause the Appraisal Fee, which is normally found on the Closing Cost Details, to be removed and replaced by the Property Inspection Waiver within section B.

  • Under the Loan Details page in Section VII – Details of Transaction line f. will be changed as a result of the PIW being added to the Closing Cost Details

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