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After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. Somebody has a problem once and then that story just spread.
Since trainees are not allowed to do appraisals without the supervision of a licensed appraiser, appraisers have little incentive to take them on. But relying on other sources for the data needed to conduct a desktop appraisal, the listing agent, for example, could be risky.
It sent shockwaves through the AMC-types because, in my view, it effectively destroyed their ability to hide how much they are gouging the consumer and how little the appraiser gets from the actual "appraisal fee" (typically less than half). This is why we need consumer protection in the mortgage business.
How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.
What is a MortgageAppraisal? A mortgageappraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Steps in the AppraisalProcess.
This blog post offers a guide to help you through the process. There are several ways to find a real estate appraiser in the Philadelphia, PA area. You can ask for referrals from real estate agents, attorneys, and other professionals that have worked with appraisers in the past and can provide recommendations based on their experience.
11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisalprocess the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.
Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgageappraisalprocess. Transaction costs are added to every property transaction.
. == == Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read the listing with 44 photos, Click Here = The Illogical Reality of MortgageAppraisal Reviews By Dallas T. Why Should Appraisers Care?
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