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

Genworth MI Blog

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.

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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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article thumbnail

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.

article thumbnail

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

Genworth MI Blog

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.

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

Genworth MI Blog

Appraisal Inspection: A typical on-site inspection of the subject involves the appraiser walking through the dwelling, examining the site improvements, and walking a representative portion of the land. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer.

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

Genworth MI Blog

Appraisal Inspection: A typical on-site inspection of the subject involves the appraiser walking through the dwelling, examining the site improvements, and walking a representative portion of the land. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer.

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Experienced Appraisers Share Their Number One Tips for New Appraisers

McKissock

” “Be thorough on your inspections.” ” “Look at [your supervisor’s] previous reports to study the appraisal line by line to understand the analysis of the report to arrive at a final market value.” ” “Diversify your appraisal practice! The inspection part is the easy part.