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Loaning a huge sum of money to your mortgage client is a risk in itself these days. Having your client hire a home inspection on the home that you are lending funds to, will benefit you both by showing what condition the home is. With an inspection report in hand, your client will know the condition of the systems and components in the home. Knowing this, you the lender and your borrowing client will minimize any unpleasant surprises and difficulties afterwards and avoid any huge costly repairs or replacements to any systems or components. Insisting your client to budget for a home inspection, your showing that you are overseeing  your clients best interest and your financial institutions interests as well. The standard home inspection report will review the condition of the home's....
- Main structure
- Primary parking structure
- Garage door and opener
- Exterior structural components
- Roof and attic
- Floors, walls, ceilings, windows, and doors
- Plumbing system
- Electrical system
- Heating system
- Air conditioning system
- Kitchen and appliances
- Basement / crawl space
- Eavestrough and drainage
- Fireplace
- Porches, decks, balconies
- Site visual of property grade and drainage

With a inspection report in hand, you will know exactly the condition of the home. With only a appraisers report, this information is unavailable in his or hers report as it only focuses on the market value of the home and property in that area, were as an home inspection report gives a true value of the home in knowing  all the conditions of the homes internal and external systems and components. With a home inspection, not only your protecting your firms interest as a mortgage lender, but also  your clients interest as well.

Don't get stuck like this lender did

A financial lending institution gave a mortgage to a client for the amount of $122,000.00 dollars for a two story single family home that was only 9 years old. The client did not pursue having the home professionally inspected nor did the lending institution ask the client to have the home inspected before closing. After the owner had lived in the home for only little more than a year, they noticed on the top floor of the home in several  rooms that there was dampness spots showing up on the drywall. The interior paint was peeling off and the drywall itself had turned soft from the water stains appearing through the drywall.

The home owners became very alarmed and called a building contractor to look at the situation. After the contractor evaluated the situation, and removed several areas of interior sections of drywall, he found that water had penetrated from somewhere in the attic and had slowly filtered into the back of the interior walls. Not only was it starting to damage several areas of drywall, it also had destroyed the insulation which became totally  saturated with water and for that length of time and started to produce a very bad  smelling odor.  It was also observed that the 2x6 framing had started to developed fungus as well the exterior envelope plywood sheathing developing an advance stage of wood rot.

As more  examinations of the situation was taken by the contractor, it was reveled that over 75% of the homes main framed exterior walls were in a advance stage of wood rot and most of the insulation also was damaged. The building contractor gave an estimate to the home owner of what it would cost to make the repairs. Well, once the home owner saw the estimate, he immediately went and had two more repair estimates done by qualified building contractors. After receiving those estimates and seeing that it was going to cost upwards of $82,000.00 dollars! The home owner walked away, and the financial institution was left with a defaulted mortgage.

The other  thing to note from this is all three contractors that gave estimates for the repair work asked the home owner if they had a home inspection performed before they purchased the home. All three contractors indicated that the home owner did not, as each contractor upon there investigation into what would have caused to make this much extensive damage, they each found that there was several areas in the attic where you can see daylight through the shingles allowing rain water and snow melt to flow through the cracks of the shingles which are mostly  on the outside perimeter of the roof. 
If the home owner had hired a professional home inspector or the mortgage lender had referred a professional home inspector to their client, the home inspector during his inspection would have found this situation in the attic and would have brought it to the full attention to his client in his final findings in the report. The buyer would have read this situation in the report and then would of made the decision to not proceed with the purchase of the home knowing there could be a huge cost of repair in the future.