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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Perhaps you’ve heard the murmurs about an automated appraisal. There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare.

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

The appraiser is looking at the physical characteristics of the property, including: gross living area (heated/cooled above grade size of the home), quality of construction, condition of improvements, layout, features/amenities, design/appeal, landscape, view, site characteristics (e.g. Tips for Appealing an Appraisal.

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

The appraiser is looking at the physical characteristics of the property, including: gross living area (heated/cooled above grade size of the home), quality of construction, condition of improvements, layout, features/amenities, design/appeal, landscape, view, site characteristics (e.g. Tips for Appealing an Appraisal.

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7 Excellent Real Estate Appraisal Podcasts Every Appraiser Should Listen To

McKissock

Sixth on our list of excellent appraisal podcasts is the Appraiser Secrets Podcast hosted by Mark “MJ” Jackson. This real estate investing podcast provides real estate, personal development, business operations, and appraiser tips and tricks. Did we miss any?

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The Necessity of a Commercial Engagement Letter

Dart Appraisal

Since an engagement letter serves the same purposes as a traditional contract, it is crucial to carefully lay out the scope of the engagement, any contingencies that must be addressed, and any compliance specifics that need to be addressed in the development of an appraisal report, completion deadlines, and compensation arrangements.

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Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

To relieve some of the stress, savvy loan officers educate their borrowers on what to expect from an appraisal inspection and how to prepare. Since appraisal inspections in the current environment may be in-person or virtual, there are many tips to help your borrower prepare for the appraisal.