Kairos Appraisal Services

SEPTEMBER 3, 2021

AMCs were created from Dodd-Frank to separate mortgage brokers from appraisers, protect the market from inflated and/or biased values, and facilitate the entire appraisal process.

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Housing Wire

AUGUST 2, 2022

Exterior-only appraisals could help in cases where accessing the property could be difficult or “cause undue delay” in the appraisal process. In order to have the alternative appraisal options, lenders must be approved to participate in the VA’s Lender Appraisal Processing Program.

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Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Homelight , a platform for homebuyers and sellers, was No. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 5000 edition.

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Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

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Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

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AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Seeking an insightful appraisal?

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AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Seeking an insightful appraisal?

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AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

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AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

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Midtown Appraisal Group

MARCH 1, 2022

What you should know about the appraisal process We know that whether you’re a buyer or a seller, the appraisal process – especially for residential or agricultural properties – can be nerve-wracking. Why do I need an appraisal? Contrary to popular belief, […].

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AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Seeking an insightful appraisal?

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Appraisal Process Appraisal Property Taxes Buyers 28

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. Meanwhile, buyers are plucking up homes left and right.

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AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

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Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. This also helps you level-set on their expectations for the homebuying process.

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Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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Kairos Appraisal Services

MAY 1, 2023

If you have plans for home buying, selling, or refinancing, it will likely require an appraisal.

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Realtor

NOVEMBER 1, 2023

Getty Images VA loans are a specialized mortgage option. But the process of buying a home with one isn’t considerably different from any other loan. Here’s a brief look at the VA loan process to help both veteran homebuyers and their real estate agents better navigate how to cross the finish line.

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Raleigh Realty

FEBRUARY 19, 2022

The seller accepts your offer and you are officially under contract and the home will be marked contingent. Your mortgage lender informs you of the next step in the process: the home appraisal. While the process may sound intimidating, there is no reason to be alarmed. How much does a Home Appraisal Cost?

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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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Appraisal Hub

MARCH 19, 2023

A home appraisal in Toronto is necessary when applying for a mortgage, refinancing, or selling your house. This appraisal will give you critical information to help you make informed choices and understand the true value of the asset. Keep reading to find out more about its significance and understand the appraisal process.

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Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

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Housing Wire

APRIL 6, 2021

Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. With others waiting in line behind her, the seller wouldn’t budge on price. Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. Sellers are surely getting greedy.”.

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Housing Wire

MAY 31, 2021

A simple mistake could drastically slow down the process and frustrate lenders, home buyers and sellers. And, the impact of the pandemic has complicated this process even further. Black Knight is the only company that offers end-to-end solutions across the real estate and mortgage life cycle,” Jabbour added.

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Housing Wire

OCTOBER 26, 2020

Working with some of the nation’s largest banks and mortgage servicers, offering asset management, property disposition, title, close, valuation, and field services through an integrated, technology-driven platform. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes.

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McKissock

DECEMBER 10, 2021

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. They look at forecast models from seven different industry leaders: Zillow, Goldman Sachs, Redfin, Corelogic, Fannie Mae, Freddie Mac, and the Mortgage Bankers Association. ” Read the full review.

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AmeriMac

DECEMBER 30, 2023

Understanding the process and implications of these appraisals is crucial for both homebuyers and sellers. This post will cover everything you need to know about REO appraisals. Accurate appraisals are vital for facilitating smooth real estate transactions.

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East Coast Appraisal

JUNE 10, 2022

Most buyers opt to finance the purchase of a home through a mortgage lender. Lenders will usually require an appraisal to determine the value of the property before approving a mortgage loan. It is possible for the appraisal price of a property to be lower than the agreed-upon purchase price between buyer and seller.

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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. Meanwhile, sellers are anchored to another market completely, he said. That process can take time. “If

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Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Technology plays a big role.

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Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

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Quicken Loans

JUNE 10, 2021

Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar. 9 Steps To Getting A Mortgage. 9 Steps To Getting A Mortgage. At Rocket Mortgage ? , How long does it take?

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Appraisal Hub

AUGUST 13, 2021

Understanding the appraisal process is important if you want to get the most from it. Here’s a short guide on the basics you need to know about residential appraisal services and working with an appraiser. Why is an appraisal important? It can also help during the negotiation process.

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Kairos Appraisal Services

OCTOBER 20, 2023

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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Cleveland Appraisal Blog

AUGUST 25, 2022

You may also have to prove that you have enough income to cover the mortgage on all properties that you own. You can use a mortgage calculator to get a better idea of what you can afford based on the purchase amount and down payment. Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process.

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Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Steps in the Appraisal Process.

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DataMaster

APRIL 6, 2021

Appraising is an often misunderstood part of the refinance and mortgage process. If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works? Share this article with them and chat about the appraisal process.

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