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For the past six months, I’ve been blogging with the purpose of assisting loanofficers to better understand the appraisalprocess. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
Welcome to the September edition of our blog series, The LoanOfficer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loanofficers to better understand the appraisalprocess.
This entire year, I’ve been blogging once a month with the purpose of assisting loanofficers to better understand the appraisalprocess. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.
Welcome to the October edition of our blog series, The LoanOfficer’s Guide to Appraisals. If you’ve been following along with us, you know this is part 10 in our year-long series on appraisals and the loanofficer.
Tips To Ensure a Successful Appraisal When it comes to the home appraisalprocess, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loanofficers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations.
Welcome to the November edition of our blog series, The LoanOfficer’s Guide to Appraisals. If you’ve been following our blog, you know that all year, I’ve been writing with the purpose of assisting loanofficers to better understand the appraisalprocess.
When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisalprocess. The mortgage industry is trying to widgetize the appraiser.”. And we've become friends.
Welcome to the very first post in our all-new series The LoanOfficer’s Guide to Appraisals. In this blog post, we’re starting with the end. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […].
Right now on our AppraisalBlog, we’re all about helping LoanOfficers. This post is part six of a 12-part series we’re calling The LoanOfficer’s Guide to Appraisals. We’re halfway there!
This allows us to continue to deliver well-reasoned and credible appraisal reports. Our adaptive, hassle-free and convenient appraisalprocess will provide you with the confidence to make the right business decision for your needs, no matter what the market is doing. Do you have questions on these topics? Contact him today!
The significance of Reverse Mortgage Appraisal In the context of reverse mortgages, a crucial aspect is ensuring that the property’s value aligns with the loan terms, making the reverse mortgage appraisalprocess significant. How does an appraisal affect the reverse mortgage?
Right now on our AppraisalBlog, we’re all about helping LoanOfficers. This post is part five of a 12-part series we’re calling The LoanOfficer’s Guide to Appraisals. The post The LoanOfficer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?
If you can’t account for condition and location in your appraisal, then you won’t have a credible one. Q: How do automated valuation models (AVMs) come into play in the appraisalprocess? If items were omitted during the appraisalprocess, this allows the reviewer to work with the appraiser to make any corrections needed.
As you can see, there are major differences between home appraisals and home inspections and both are very important. There are numerous steps in the appraisalprocess and it’s important to know each step involved. Steps in the AppraisalProcess. Related posts: Things agents do that appraisers hate.
Verify the appraiser’s experience working with homeowners. This is important because loanofficers usually have different requirements than individual homeowners. Loanofficers are typically looking for an assessment of the condition of the house and a rough market value to put on the mortgage documents.
Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisalprocess.
One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. The appraisalprocess is an essential part of the reverse mortgage application process. Let’s dive deeper into the details.
Loanofficers will need any information you haven’t yet provided surrounding your debts, assets, credit and income. Once you’ve finished your application, your lender will provide you with a loan estimate. Your lender will set up a home appraisal as you’re going through the underwriting process.
Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more, click here My comments: Many thanks to Dave’s blog post. Now isn’t that just peachy!?
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