How Quicken Loans is Handling Home Appraisals and Closings During COVID-19
On March 26, 2020, Quicken Loans posted a message on its blog with an update of its ongoing efforts to keep clients, team members, and communities safe during home appraisals and loan closings during the COVID-19 pandemic. Even though shelter-in-place orders are in effect in many areas of the country, the mortgage process can still continue, and appraisers and settlement agents can still enter clients’ homes and conduct closings. Quicken noted that in some cases, Quicken has alternative ways to complete these parts of the process.
In order to complete clients’ real estate transactions in a safe and secure manner, Quicken is working to ensure that its team members and partners understand and follow all CDC guidelines and best practices. Quicken is encouraging appraisers and closing agents to take proper sanitary measures, such as maintaining physical distance of at least 6 feet and not shaking hands with borrowers.