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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

Additionally, appraisers can use statistical tools to identify outliers and focus on sales that exhibit consistent market patterns. By quantifying this relationship, regression provides empirical evidence for how market conditions have influenced property prices over a given period.

Appraisal 358
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Consolidated Analytics’ Ed Gerding: The pillars of QC in action

Housing Wire

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process.

Lending 446
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Velox Valuations Expands Nationwide: New Franchises Launch in Nashville and San Diego

Appraisal Buzz

The company, operating in over 26 states, continues to build on its reputation for delivering fast, reliable, and credible property appraisals. In Nashville, Jason Covington, a local resident and seasoned appraisal industry professional, is launching the franchise after years of successful experience running his own appraisal business.

Valuation 195
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Why mortgage lenders should be using a single platform

Housing Wire

But how can we differentiate between a true end-to-end platform versus a tightly integrated collection of disparate tools? The POS is a fantastic tool for dealing with prospective borrowers and guiding them into the loan origination process. These industry factors have brought this debate to the forefront of lenders’ minds.

Mortgage 459
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The appraisal revolution: How Opteon is transforming the lending landscape

Housing Wire

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process.

Lending 466
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How to negotiate your home purchase offer

Housing Wire

When you’re trying to create a standout offer to buy a home, it’s important to consider the tools and tactics at a buyer’s disposal. This is important because it’s common to go over the asking price in a bidding war, and even though you say you will pay a certain amount, the bank will not lend you more than the appraised value of the home.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. Property appraisal information Detailed outline or description of each property.

Marketing 435