Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years.

Modernization 418

Modernization Appraisal Inspection Valuation 418

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 86

Realtors Appraisal Market Value Real Estate Agent 86

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

Real Estate 36

Real Estate Appraisal Valuation Loan Officers 36

AmeriMac

JANUARY 30, 2024

The reverse mortgage appraisal report stands as a pivotal element in the loan application, influencing the terms and approval, making it an indispensable part of the entire process. When applying for a reverse mortgage, it is important to work closely with your loan officer.

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Assurance Financial

APRIL 29, 2021

During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. The appraisal can be more than the price of the house or it can be less. Assessed Value. Fair Market Value.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

PennyMac

JUNE 28, 2022

How much this fee will add to your costs will depend on your monthly premium amounts, which is about $30–70 per $100,000 loaned. Property Appraisal Fee. Before you can close, you’ll need to get an official appraisal report for your property. Speak to a Pennymac loan officer today to get started.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36