Appraisal Reviews – The Good and The Bad
Appraisal Reviews – The Good and The Bad
Abstract
The Mortgage Bankers Association's Market Composite Index slipped 2.3% on a seasonally adjusted basis for the week ending August 12. Mortgage applications hit 22-year low (since 2000), lending activity has slowed more than expected to its lowest level in 22 years, according to the latest data. For the latest appraisals and other topics, please visit http://appraisalt.com/appraisal.com.com and other topic. To read more of this long blog post.
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
What to Do When Your Appraisal Is Under Review Excerpt: Topics:
Remember that reviewers are on your side
Look out for these common points of contention
“The number one mistake is that the appraiser did not include the lender’s specific report requirements,” Nakashima confirms. “Often, the appraiser will not read the lender’s requirements—and if those requirements are not in the report, it cannot be delivered, or the lender will send it back.
Avoid future revision requests
“You ...
What to Do When Your Appraisal Is Under Review Excerpt: Topics:
Remember that reviewers are on your side
Look out for these common points of contention
“The number one mistake is that the appraiser did not include the lender’s specific report requirements,” Nakashima confirms. “Often, the appraiser will not read the lender’s requirements—and if those requirements are not in the report, it cannot be delivered, or the lender will send it back.
Avoid future revision requests
“You ...
Appraisal Risk, Reviews, and Revisions By Ken Dicks Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The reality is there is no universal acceptance of a single method of measurement to differentiate “good” from “bad.” After many years of reading appraisal reports, my response is “One that leaves the reader with few unan...
Appraisal Risk, Reviews, and Revisions By Ken Dicks Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The reality is there is no universal acceptance of a single method of measurement to differentiate “good” from “bad.” After many years of reading appraisal reports, my response is “One that leaves the reader with few unan...
June 23, 2022
Richard Korman
KEYWORDS Davis-Bacon Act / Prevailing wage
Order Reprints
No Comments
.pullquote{
width: 250px;
padding: 20px;
}
.pullquote a:link{
border-bottom: none;
}
.pullquote a:hover{
border-bottom: 1px solid #000000;
}
.pullquote a:visited{
border-bottom: none;
}
.pullquote h4{
font-fam...
June 23, 2022
Richard Korman
KEYWORDS Davis-Bacon Act / Prevailing wage
Order Reprints
No Comments
.pullquote{
width: 250px;
padding: 20px;
}
.pullquote a:link{
border-bottom: none;
}
.pullquote a:hover{
border-bottom: 1px solid #000000;
}
.pullquote a:visited{
border-bottom: none;
}
.pullquote h4{
font-fam...
It was March 28th, 2018 that I wrote my very first blog post entitled “What’s not in your wallet?” where I went into great detail about how Appraisal Management Companies or AMCs get paid and how the consumer is not aware of the fact that the AMC is taking much of the fee while finding the cheapest and fastest appraiser. In that blog post, I gave many examples of the abuse appraisers and consumers are absorbing by these Appraisal Management Companies. How one borrower back then was charge...
It was March 28th, 2018 that I wrote my very first blog post entitled “What’s not in your wallet?” where I went into great detail about how Appraisal Management Companies or AMCs get paid and how the consumer is not aware of the fact that the AMC is taking much of the fee while finding the cheapest and fastest appraiser. In that blog post, I gave many examples of the abuse appraisers and consumers are absorbing by these Appraisal Management Companies. How one borrower back then was charge...
Getting a home appraisal is an important part of the reverse mortgage process. Here’s what you need to know during the appraisal process.
The post What to Expect from the Reverse Mortgage Appraisal Process appeared first on All Reverse Mortgage.
Getting a home appraisal is an important part of the reverse mortgage process. Here’s what you need to know during the appraisal process.
The post What to Expect from the Reverse Mortgage Appraisal Process appeared first on All Reverse Mortgage.
Whether you’re selling or purchasing a home, you’re likely to encounter a home appraisal contingency at some point. While there’s no doubt the process can be nerve wracking, knowing what to expect from a home appraisal can put those nerves at ease. We’re here to break down the what, why and how of home appraisals and share some tips to help your home come out on top. In this article, we will cover: What is an appraisalWhy should you care about an appraisal as a buyer?How is a home apprai...
Whether you’re selling or purchasing a home, you’re likely to encounter a home appraisal contingency at some point. While there’s no doubt the process can be nerve wracking, knowing what to expect from a home appraisal can put those nerves at ease. We’re here to break down the what, why and how of home appraisals and share some tips to help your home come out on top. In this article, we will cover: What is an appraisalWhy should you care about an appraisal as a buyer?How is a home apprai...
Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis...
Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis...
Learn how the reverse mortgage appraisal appeal process works and your rights to rebuttal any appraiser inaccuracies.
The post How Reverse Mortgage Appraisal Laws & Appeals Work appeared first on All Reverse Mortgage.
Learn how the reverse mortgage appraisal appeal process works and your rights to rebuttal any appraiser inaccuracies.
The post How Reverse Mortgage Appraisal Laws & Appeals Work appeared first on All Reverse Mortgage.
You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. A probate appraisal is typically required by the court and is used to help settle the estate. The appraisal he...
You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. A probate appraisal is typically required by the court and is used to help settle the estate. The appraisal he...
HousingWire CEO Clayton Collins recently sat down with Paul Doman, CEO at Accurate Group, to discuss mortgage lender profitability, as well as the modernization of title and appraisal processes and where there is opportunity for automation.
The post What is in the way of modernizing title and appraisal? appeared first on HousingWire.
HousingWire CEO Clayton Collins recently sat down with Paul Doman, CEO at Accurate Group, to discuss mortgage lender profitability, as well as the modernization of title and appraisal processes and where there is opportunity for automation.
The post What is in the way of modernizing title and appraisal? appeared first on HousingWire.