Remove Appraisal Process Remove Document Remove Inspection Remove Tools
article thumbnail

The Ultimate Guide to Desktop Appraisal Process

AmeriMac

Traditionally, appraisals required physical inspections of the property, where appraisers would visit the site to assess its condition and gather relevant data. This process is conducted entirely at the appraiser’s desk, hence the name “desktop appraisal.”

article thumbnail

Understanding The Reverse Mortgage Appraisal Process

AmeriMac

The significance of Reverse Mortgage Appraisal In the context of reverse mortgages, a crucial aspect is ensuring that the property’s value aligns with the loan terms, making the reverse mortgage appraisal process significant. This professional and attentive approach guarantees the accuracy and reliability of the appraisal.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Prepare for a Commercial Property Appraisal

East Coast Appraisal

You need to take some steps before and during the appraisal process to ensure that you get the most accurate and reliable valuation possible. Discover some tips on how to prepare for a commercial property appraisal. Therefore, treat them with respect and cooperation during the appraisal process.

article thumbnail

A View on Risk: Desktop Appraisals

Appraisal Buzz

The onset of the Covid-19 pandemic in 2020 introduced two new appraisal labels – the Exterior-only Appraisal and the Desktop Appraisal. Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. Appraisers rely on standards of practice and processes.

Appraisal 435
article thumbnail

Appraisal waivers: What lenders should know

Clear Capital

As the real estate and mortgage industries work to modernize the home valuation process, Fannie Mae and Freddie Mac continue to offer new alternatives to the traditional home appraisal. The introduction of inspection-based appraisal waivers offers an increasingly positive impact to both lenders and consumers.

article thumbnail

Commercial Appraisal: Understanding the Basics

AmeriMac

These appraisals are valuable tools for property owners, investors, and lenders, helping them make informed decisions about sales, refinancing, property tax assessments, and estate planning. Becoming a commercial appraiser requires appropriate education, training, experience, and certification.

article thumbnail

Appraisal waivers: What underwriters should know

Clear Capital

As mortgage underwriters, you understand that a timely appraisal is paramount to a smooth loan approval process. But what if you could skip a traditional appraisal entirely? Well, with the introduction of inspection-based appraisal waivers to the market, you can! How do inspection-based appraisal waivers work?