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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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FHA Appraisal Tip – Low Water Pressure

Chicagoland Appraisal Blog

An issue such as water pressure may seem small, but it is a dramatically negative impact on the appraisal value of a property. The best course of action would be to adress any and all repairs to a home prior to an inspection. For more information call us today at 773-800-0269. Did I leave anything out?

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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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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

These calculations are made using mathematical models and databases of residential information from public records. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Much faster to complete.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

These calculations are made using mathematical models and databases of residential information from public records. In addition to the automated appraisal, we’re starting to see moves toward a hybrid appraisal process called bifurcation , meaning that a computer and a person complete the valuation. Much faster to complete.

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

Genworth MI Blog

Serving as a nod to this reality, appraiser independence rules give mortgage lenders the ability to request that an appraiser: Consider additional, appropriate property information, including information regarding additional comparable properties to make or support an appraisal. Tips for Appealing an Appraisal.

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

Genworth MI Blog

Serving as a nod to this reality, appraiser independence rules give mortgage lenders the ability to request that an appraiser: Consider additional, appropriate property information, including information regarding additional comparable properties to make or support an appraisal. Tips for Appealing an Appraisal.