Appraisal Process Insurance Lending 
Appraisal Buzz
JUNE 26, 2024
A proper home appraisal is essential whether purchasing or selling a property. This appraisal is used by mortgage lenders to calculate the maximum amount they will lend on a property. Many even watch the worth of their own homes, which are produced by these algorithmic appraisal techniques, on well-known real estate websites.
Housing Wire
DECEMBER 21, 2023
The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. MYTH: The appraisal process for VA loans is more stringent and difficult than conventional loans. David Smith is the VP of National VA Lending at loanDepot.
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Housing Wire
MARCH 31, 2022
The draft bill also proposed an “Office of Fair Lending” within the new valuations agency, which would report to the head of the agency. That office would oversee fair lending supervision and examination procedures, as well as the consumer complaint process.
Housing Wire
JUNE 11, 2021
Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.
Housing Wire
JUNE 11, 2021
And there’s one lending partner that has the solutions and resources to give LOs just that. Continuing in the theme of closing loans faster, Rocket Pro TPO has also recently launched an appraisal fee guarantee for its broker partners. The high demand created a shortage of appraisers, sometimes resulting in fee fluctuations.
Housing Wire
NOVEMBER 8, 2021
A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I
Appraisal Buzz
MAY 9, 2022
The real issue is that when the appraiser is preforming a pre-construction appraisal, an educated, knowledgeable appraiser can quickly determine if a log home is compliant with the required building codes and most importantly if that “Subject Property” or log home meets Federal Lending Requirements.
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