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Personal Inspection Demystified

Walitt Solutions

“Personal inspection” might mean many things to the ordinary “man on the street.” ” But to an appraiser, users of appraisal services, and regulatory agencies in the valuation space, “personal inspection” takes on a very specific meaning.

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The Loan Officer’s Guide to Appraisals Part 7:  How Can the Appraisal Process be Sped Up?

Riverfront Appraisals

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” You were hired to complete an appraisal. Can an appraisal inspection substitute a home inspection?

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The Ultimate Guide to Desktop Appraisal Process

AmeriMac

Traditionally, appraisals required physical inspections of the property, where appraisers would visit the site to assess its condition and gather relevant data. This process is conducted entirely at the appraiser’s desk, hence the name “desktop appraisal.”

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5 Remote Inspection Tools for Desktop Appraisals

McKissock

Below are five remote inspection tools worth looking into. Rather, our intention is to provide appraisers with a sampling of currently-available remote property inspection tools so they can consider the potential benefits of integrating such tools into their appraisal process. eTrac Virtual Inspection Tool.

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Sierra Pacific to use CoreLogic’s appraisal platform

Housing Wire

” CoreLogic announced last week that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. Are borrower-assisted inspections here to stay? to two loan files per day. .

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Don’t Start Driving until You Know Where You’re Going

Appraisal Buzz

You should never agree to do an appraisal, much less quote a fee, without first clarifying each of these six elements. They have that much variance in what they demand of the appraisal process. But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal.

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