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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What has your experience been navigating the appraisal process? Value Scenarios.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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HUD settles with JPMorgan over appraisal bias case

Housing Wire

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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The Role of Appraisal Review in the Risk System – Appraisal Revisions

Appraisal Buzz

It took several years to re-establish effective and meaningful communication between appraisers and their lending partners. Complexity in Process and Properties. Users will re-engage the appraiser once they attain a level of confidence in that professional’s ability. Is there room for more improvement?

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How data and technology can combat appraisal bias

Housing Wire

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. Connecting the data dots According to Tavant, the next step toward eliminating appraisal bias is to connect the dots of all this data and information. “On You can’t ignore it.

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Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. How to reduce appraisal turn times and improve the borrower experience. Presented by: Voxtur. How do [borrowers] navigate that space?”.

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Attracting More Appraisal Business

Cleveland Appraisal Blog

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? Write about what you do know.

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