Received in a subordination from Bank of America which utilized their automated valuation program to calculate CLTV. Unfortunately, they are using the actual appraised value or the automated valuation program whichever comes in less. While this may not be new news, when the AVM is significantly less than the appraised value, well, the [...]

Please see our post on lender subordinations. Bank of America subordination checklist has changed a bit, so it is updated today.

Legacy Escrow continually adds value by providing subordination services as part of our complete escrow closing service.   This time saving task saves loan processors precious time, a real value in assisting loan officers in creating smooth transactions and closing on-time!
Subordination Checklist from various lenders:
This is a brief list of some of the more common lenders [...]