Genworth MI Blog
FEBRUARY 18, 2021
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.
Chicagoland Appraisal Blog
FEBRUARY 28, 2018
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. Do you want to know what is happening in your market? Did I leave anything out?
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Genworth MI Blog
AUGUST 15, 2019
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. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.
Genworth MI Blog
AUGUST 15, 2019
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. The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely.
Genworth MI Blog
FEBRUARY 18, 2021
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.
Genworth MI Blog
JUNE 27, 2019
This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. Because of this reality, many laws and regulations have been enacted over the past 10 years to discourage improper communication with the appraiser.
Genworth MI Blog
JUNE 27, 2019
This can include improper influence to inflate the appraised value, overlook repair items, misstate facts, ignore or conceal external influences, and misrepresent market conditions. Because of this reality, many laws and regulations have been enacted over the past 10 years to discourage improper communication with the appraiser.
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