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Welcome to the very first post in our all-new series The Loan Officer’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 finalinspection. We’ll briefly look at what a finalinspection […].
A Closer Look At The FinalInspection. You may have heard of an appraisalinspection but what is a finalinspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals. Proposed Construction Appraisal.
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 finalinspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
Right now on our AppraisalBlog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others? appeared first on Riverfront Appraisals.
Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.
This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one, go back and read all about the FinalInspection process here. In this blog post, we’re going to give you an appraiser’s perspective on unique homes, and […].
Right now on our AppraisalBlog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at finalinspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.
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.
Real Estate Agents and Comparable Sales – Tips for AppraisersAppraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Don’t rely totally on blueprints during a new construction appraisal 2.
Click on this link to view the actual document as released by Fannie Mae on March 1, 2023 [link] They have changed the term “Appraisal Waiver” to “Value Acceptance”. It is then the lender who confirms based on this information if the property is eligible and an appraisal is not required. Here is another “wait-a-minute-moment”!
Throughout this time, several inspections are performed to check everything from the physical condition of the home to the underlying financial and legal health of the property. This must be completed as quickly as possible to finalize the mortgage closing process, as failure to do so can lead to the deal falling through.
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