Essent aligns with GSE appraisal waiver and inspection-based waiver expansions

Applies to: Essent-insured conventional loans that qualify for GSE appraisal waivers or inspection-based waivers and meet Clear2Close guideline eligibility.

Investor

Essent

Programs

Conventional

Affected areas

Waiver; Eligibility

Affected documents

Appraisal waiver; inspection-based waiver

Applicability confidence

Verified: every row above is supported by the source text

What to review: First review the announcement's details on how Essent aligns with the GSE appraisal waiver and inspection-based waiver expansions. No change is mandatory, so the lender may use the expanded waivers for Essent-insured conventional loans that meet Clear2Close guideline eligibility.

QC implications

• Where a lender chooses to use the expanded appraisal waivers or inspection-based waivers on Essent-insured conventional loans, QC may sample those loans to confirm they meet Clear2Close guideline eligibility.
• The record gives no effective date, so QC should not assume a date-based cutoff for testing.