2007 Clients Contracts Lending 
Appraisal Buzz
MAY 17, 2021
During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. We provide a service that helps clients make informed decisions on how to proceed. Appraisers’ jobs are not to facilitate mortgage lending.
Town & Country Residential Appraisals
AUGUST 8, 2022
However, since the borrower is not our client, that report will not be sent by us. USPAP defines the client as “the party or parties who engage, by employment or contract, an appraiser in a specific assignment”. Nowhere in the definition of client does it refer to who paid for the appraisal.
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Housing Wire
JANUARY 27, 2023
California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time. The goal for the lender is to have half of its production volume come from investment properties in 2023 — up from the current 10 to 15%.
Appraisal Today
SEPTEMBER 29, 2023
Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. The GSEs started keeping track in 71.
Appraisal Today
AUGUST 25, 2023
The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. ” That means appraisers in affected areas should let clients know that certain assignments may be on hold for now. What does your MLS have?
Appraisal Today
MAY 26, 2023
In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. percent from 6.57
Appraisal Today
DECEMBER 22, 2023
Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. More appraisers are getting tired of this and are adding it to their list of why they are retiring or quitting (plus client hassles and low fees, of course). So is a network of contacts in all areas of the real estate industry, not just the lending community.
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