This form is probably one of the most misunderstood documents of the mortgage process.
We we will ALWAYS provide you a copy of your appraisal regardless of you signing the form or not. If you Opt for the 3 day review of the appraisal, we have to give you 3 full days to review the appraisal AND ANY SUBSEQUENT CHANGES. If you Opt not to review, we do not have to wait 3 days to proceed.
Here is the important point, If you DO NOT WAIVE the 3 days and there are any required changes need to your appraisal (even typograph errors), YOUR CLOSING COULD BE DELAYED UP TO 3 DAYS!