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Best practices to speed up the appraisal process

Housing Wire

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. Can appraisals keep pace?

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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. Borrowers have lots of options and high expectations for service in today’s market — leveraging these new options is one way for lenders to set themselves apart.

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What AVMs can and can’t do in the appraisal process

Housing Wire

Appraisals outline the housing trends for particular markets. Sometimes properties have heavy commercial influence, such as a home located in commercial zoning surrounded by businesses and retailers that may be non-conforming and result in across-the-board adjustments to account for its marketability and value.

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Navigating appraisal challenges in today’s housing market

Housing Wire

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire: What’s the biggest pain point appraisers are currently facing?

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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How did the pandemic change the state of the appraisal market?

Housing Wire

If there’s anything that lenders and borrowers have learned from the current purchase market it’s that speed and efficiency are key to a smooth closing. With desktop appraisals now a permanent option, we should expect to see some of the traditional pressure on turn times alleviated. To submit your company, go here.

Appraisal 475
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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller.