Riverfront Appraisals

JULY 29, 2021

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.

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Reconsideration of Value Appraisal Appraisal Process Loan Officers 100

Housing Wire

MAY 2, 2021

There’s no denying the complexity of the appraisal process. With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience.

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Appraisal Appraisal Process Valuation Loan Officers 209

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

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Kairos Appraisal Services

JANUARY 9, 2023

Property comparables, called “property comps” for short, play a significant role in the home appraisal process.

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Real Estate Agent Appraisal Process Loan Officers Real Estate 52

Housing Wire

JUNE 7, 2021

Despite objections from some in industry, HVCC was a necessary change in order to avoid the influence that loan officers and Realtors all used to practice prior to the rule. The post Is the appraisal process color-blind? The HVCC goes part of the way, but certainly doesn’t go far enough when racial bias exists.

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Appraisal Process Appraisal Decorating Valuation 469

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. Despite uncertain economic times, the housing market experienced a surge during the pandemic.

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Clients Valuation Real Estate Appraisal 383

Riverfront Appraisals

MARCH 9, 2023

Recently, I had this question come up from a loan officer. We had just appraised a home they were lending on, and we completed an FHA appraisal. While the house was ok, there was an old storage building on site that had peeling paint on the interior and exterior.

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AmeriMac

JANUARY 30, 2024

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. How does an appraisal affect the reverse mortgage?

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

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Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

NOVEMBER 8, 2021

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

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Kairos Appraisal Services

OCTOBER 20, 2023

Have you seen the most recent updates to the Appraiser Independence Requirements? These guidelines affect loan officers and how closely AMCs can work with mortgage brokers and lenders moving forward. Lenders have previously been scrutinized for how they have interpreted the Appraisal Independence Requirements.

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Appraisal Mortgage Loan Officers Appraisal Process 52

Riverfront Appraisals

JANUARY 18, 2021

Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals. We’ll briefly look at what a final inspection […].

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Final Inspection Inspection Appraisal Loan Officers 93

Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there!

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Reconsideration of Value Final Inspection Bracketing Appraisal 80

Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?

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Bracketing Reconsideration of Value Final Inspection Appraisal 78

Riverfront Appraisals

MARCH 5, 2021

In case you missed part one on the Final Inspection process, go back and read it here. The post Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser appeared first on Riverfront Appraisals.

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Appraisal Final Inspection Loan Officers Inspection 78

Genworth MI Blog

AUGUST 31, 2022

If you can’t account for condition and location in your appraisal, then you won’t have a credible one. Q: How do automated valuation models (AVMs) come into play in the appraisal process? If items were omitted during the appraisal process, this allows the reviewer to work with the appraiser to make any corrections needed.

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Inspection Appraisal Marketing Appraisal Process 78

Birmingham Appraisal

SEPTEMBER 15, 2022

As you can see, there are major differences between home appraisals and home inspections and both are very important. There are numerous steps in the appraisal process and it’s important to know each step involved. Steps in the Appraisal Process. Conclusion.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Simonson Real Estate

AUGUST 24, 2020

This allows us to continue to deliver well-reasoned and credible appraisal reports. Our adaptive, hassle-free and convenient appraisal process will provide you with the confidence to make the right business decision for your needs, no matter what the market is doing.

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Lending Construction Tenants Real Estate 148

East Coast Appraisal

SEPTEMBER 12, 2022

Additionally, if your loan is still relatively new, additional restrictions may apply. You may need to hit an even lower loan-to-value ratio for several years after signing. Before proceeding, check your loan terms or speak to your loan officer to learn the details of the agreement. When Home Prices Increase.

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Appraisal Renovations Insurance Home Value 52

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Verify the appraiser’s experience working with homeowners. This is important because loan officers usually have different requirements than individual homeowners. Loan officers are typically looking for an assessment of the condition of the house and a rough market value to put on the mortgage documents.

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Real Estate Appraisal Valuation Loan Officers 36

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The mortgage industry is trying to widgetize the appraiser.”.

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Marketing Real Estate Appraisal Sellers 221

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

So how do you find best Orange County Home Appraiser? You might be a home owner, a mortgage loan officer or even an appraisal management company. If you Google Orange County Home Appraiser and look at some of the listings, you’ll not find a lot of appraisers in Orange County, CA that do non-lender work.

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Appraisal Appraisal Process Loan Officers Inspection 60

Housing Wire

JULY 9, 2021

For those who choose not to work with agents, the trust must be transferred to the technology platform or other form of “automation” that is used in the process. . The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences.

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AmeriMac

MARCH 29, 2024

In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a reverse mortgage, the role of appraisals in the process, and the appraisal process itself. Let’s dive deeper into the details.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

AmeriMac

SEPTEMBER 1, 2021

When a lender hires an AMC, it takes the lead on getting an appraiser lined up and delivering a report to the lender. None of the key parties can select the appraiser—including the loan officer, mortgage broker, or homeowner.

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Appraisal Valuation Law Lending 36

Quicken Loans

JUNE 10, 2021

Loan officers will need any information you haven’t yet provided surrounding your debts, assets, credit and income. Once you’ve finished your application, your lender will provide you with a loan estimate. Your lender will set up a home appraisal as you’re going through the underwriting process.

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Mortgage Real Estate Agent Sellers Appraisal 68

Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Assurance Financial

APRIL 29, 2021

Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. Linked: [link].

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Mortgage Insurance Sellers Inspection 69

PennyMac

JUNE 28, 2022

It all depends on the appraisal process, documentation timeline and the lender’s underwriting process. What’s the difference between a HELOC and a home improvement loan? The main difference between a HELOC and a home improvement loan is how you receive the funds. Don’t hesitate to get professional advice.

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Appraisal Today

AUGUST 13, 2023

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. They have refuted most of the highly touted ‘studies’ promoted by Dr. Andre Perry and others, which the current administration has considered the gospels of appraiser intolerable performance.

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Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. You could have, on any given home, you can have five different appraisers show up to the home and end up with five completely different valuations.

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Sellers Agents Real Estate Buyers 69