Loan impact
Summarized from the announcement · needs reviewApplies to: Loans secured by properties in the West Virginia counties of Lewis, Pleasants, Ritchie, and Upshur.
- ANDArchome loan
- ANDState is WV
- Addressed to
- Arc Home correspondent sellers and wholesale brokersFrom the publisher, not quoted from the text
- Investor
- ArchomeFrom the publisher, not quoted from the text
- Affected areas
- Valuation; Eligibility
- Affected documents
- Property inspection report; appraisal report
- Effective
- Jul 23, 2026
- Applicability confidence
- Needs review: some rows could not be matched to a quote from the source
Summary by AWACS. Arc Home's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)
What changed
Summarized from the announcement| Requirement | Previously | Now |
|---|---|---|
| Exterior disaster inspection requirementNewRequired | Not stated | Lenders must obtain an exterior reinspection with photos by a licensed inspector for properties evaluated before July 23, 2026. |
| Interior inspection for damaged propertiesNewRequired | Not stated | An interior appraisal inspection is required if the exterior inspection reveals property damage. |
| Inspection timing for appraisal waiver and streamline refinance loansNewRequired | Not stated | Property inspections must be dated on July 23, 2026 or later for conventional loans having a property inspection waiver, VA IRRRLs, FHA Streamlines, and USDA Streamlines. |
What to do
AWACS interpretation · not source languageWhat to review: Review the mandatory disaster inspection requirements and inspection timing rules for loans secured by properties in the declared West Virginia counties.
Require a licensed inspector's exterior reinspection with photos for subject properties evaluated before July 23, 2026, order an interior inspection if damage is identified, and ensure inspection dates are on or after July 23, 2026, for streamline refinances and appraisal waivers in the affected West Virginia counties.
Verify that loan files for designated West Virginia counties contain the mandatory disaster inspection reports with photos dated on or after July 23, 2026, including interior inspection reports where exterior damage was noted.
QC implications
- Sample files in the designated West Virginia counties to verify exterior inspections with photos were performed when appraisals occurred prior to July 23, 2026.
- Verify that an interior inspection is present in the file if the exterior reinspection identified property damage.
- Ensure disaster inspections for streamline refinance programs and conventional property inspection waivers are dated July 23, 2026, or later.
Source and record
Version 1 · archivedChecks
Source verified: Passed
The document ID, link and publication date match the official source.
Quotes match the source: Passed
Every quoted passage appears word for word in the official document.
Requirements backed by the source: Passed, adjusted automatically
Anything marked required is backed by the requirement language and dates in the source.
- A detail the source does not support was removed or adjusted
- An independent check could not confirm which loans a change applies to; those conditions were removed
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed
The record follows the AWACS format and uses its standard labels.
Source
- Correspondent Funding Announcement Expanded FEMA Disaster in West Virginia (2026-08-21) (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 874fd9834e2f…
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