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Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

Should I follow the appraiser and point things out? Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. Tips for an On-Site Appraisal Inspection.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Lower cost than traditional appraisal. The second is to remember that these improvements in appraisal technology are a good thing.

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article thumbnail

The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Lower cost than traditional appraisal. The second is to remember that these improvements in appraisal technology are a good thing.

article thumbnail

Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

Should I follow the appraiser and point things out? Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. Tips for an On-Site Appraisal Inspection.