What happens after the appraisal and underwriting are complete?

Once the appraisal and underwriting are complete, the loan moves to closing. The lender must provide the borrower a copy of the appraisal as soon as reasonably possible, but no later than three days before closing. If the borrower believes the appraised value is inaccurate, the borrower can request a reconsideration of value from the lender, supported with evidence such as comparable home sales from the past 12 months, plat maps, and photos of improvements with receipts.