Overview
Appraisal fees vary by loan type (FHA, VA, Conventional, Jumbo) and often differ from your company's standard default fee. Deal Details requires you to update appraisal fees in Key Metrics rather than in the Loan Fees Template (LFT). This ensures accurate cost estimates for each unique loan scenario while keeping your default templates intact.
Before You Start
Requirement | Details |
Active deal | Open the deal you want to update |
Loan type selected | FHA, VA, Conventional, or other product already chosen |
Correct appraisal amount | Know the actual fee for this specific loan type |
Step-by-Step: Adjusting the Appraisal Fee
1. Open Key Metrics
Navigate to your deal
Click Edit Key Metrics
2. Locate the Appraisal Fee Field
Find the appraisal fee entry (displays your company's default, e.g., $580)
3. Enter the Correct Amount
Type the accurate appraisal fee directly into the field
The software accepts any dollar amount
Loan Type | Typical Consideration |
FHA | Often uses a standard base fee |
VA | May differ from conventional rates |
Conventional | Check your company's base cost |
Super Jumbo | Usually higher than standard appraisals |
4. Save Your Changes
Click Save and Apply
Select Update this particular scenario when prompted
⚠️ Important: Always adjust appraisal fees in Key Metrics. The Loan Fees Template (LFT) blocks appraisal edits by design to prevent accidental changes to your company defaults.
Marking an Appraisal as Prepaid
When the borrower pays the appraisal fee in advance (outside of closing), update the deal to reflect this.
1. Open Key Metrics
Click Edit Key Metrics on your deal
2. Mark as Prepaid
Locate the prepaid/POC option for the appraisal fee
Check or select the prepaid option
Click Save
3. Verify the Update
The appraisal fee moves from closing costs to "Paid Outside of Closing" (POC)
Total cash to close decreases by the appraisal amount
Quick Reference
Edit Key Metrics → Enter appraisal amount → Save and Apply → Update scenario
Tips for Success
Check loan type first—Appraisal costs vary significantly between FHA, VA, Conventional, and Jumbo loans
Update per deal, not templates—The system intentionally blocks appraisal edits in LFT so you customize each loan individually
Mark prepaid immediately—If the borrower has already paid, update POC status so closing costs reflect reality
Verify after saving—Review the fee detail section to confirm your changes applied correctly
Related Topics
Setting Up Default Loan Fees
Understanding Key Metrics
Managing Paid Outside of Closing (POC) Items
Loan Type Fee Variations