Remove Definition Remove Property Appraisal Remove Reconsideration of Value
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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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Types of Appraisal Values

Appraisal Today

Let’s examine eight different types of value and provide a high-level overview of each. Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Most appraisers use the “Fannie Mae” definition of market value.

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Are Appraisers Professionals?

Appraisal Today

At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? In response, the AQB has recognized that this request is just one aspect of a broader inquiry. Such an approach would fail to account for FFE, other services, vacancy rates, and business expenses.