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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. The post FHA Appraisal Tip – Low Water Pressure appeared first on Chicagoland Appraisals.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

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. Lower cost than traditional appraisal. In some cases, it might be a person completing a desktop for the valuation. Much faster to complete.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

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. Lower cost than traditional appraisal. In some cases, it might be a person completing a desktop for the valuation. Much faster to complete.

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.

article thumbnail

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.