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Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. 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 […].
As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish realestate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “It’s a lot more than just pulling comps!”
Right now on our Appraisal Blog, 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. So far in our series, we’ve looked at finalinspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […].
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.
This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one on the FinalInspection process, go back and read it here. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […].
How Can Appraisers and Agents Work Together? In the often chaotic world of realestate, 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.
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant info to grow your realestateappraisal career.
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 Appraisal Blog, 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.
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.
There is no such thing as a typical day in the life of an appraiser trainee. “inspection days”). We asked appraiser trainee Lindsay Onuffer what a “typical” day in the life of an appraisal trainee is like. 9:30 AM – Start working on an appraisal report. 12:00 PM – Eat lunch.
RealEstate 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”!
After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the finalrealestate closing day. The process normally takes around a month, but it can vary depending on different circumstances that may emerge during the realestate closing process.
Confusion abounds because many realestate professionals use the words Modular, Manufactured, Doublewide, Mobile Home and Trailer seemingly interchangeably. The finalinspection for these structures are conducted by approved inspectors for the area they are located and not in factory.
This lexicon of realestate terms and acronyms will help you speak the language like a pro. Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal. Attorney state : A state in which a realestate attorney is responsible for closing.
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