Rishi D.
Will not transfer appraisal I paid for
I started a refinance on my investment property with them because they offered a very attractive rate. However they left out one very important piece of information when I chatted with them. Kiavi requires you to have an escrow account for DSCR loans which I did not have currently and had no interest in having that. I found this out when they sent me the final closing disclosures. Since they were not willing to make an exception to this rule, I decided to cancel my loan with them. I had already paid for the appraisal during this process. Once I found a new lender who provided me with better terms and were willing to take the same appraisal, Kiavi refused to transfer the appraisal. Everyone take note. Kiavi will not transfer your appraisal if you cancel even though you paid for it. Ensure that you are going to 100% close with them otherwise you will spend $800 for no reason. Yes it cost me $800 which I am pretty certain Kiavi only paid half the cost for an appraisal and pocketed the difference. I do not understand why they would not transfer given I paid for it. The experience was harrowing and I will never ever do business with them. Also their closing costs are pretty high. So keep that in mind. You will end up spending close to 3k in fees to Kiavi just for the loan alone.



