Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Ensuring you know the ins and outs of the appraisal review is imperative to help your borrowers meet that end goal on time.

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Appraisal Inspection Training Real Estate 88

Realtor

NOVEMBER 7, 2023

It’s the price you pay the loan officer or broker for completing the loan, and it includes underwriting, originating, and processing the costs of buying a home. The origination fee is a small percentage of the total loan. Home inspection : This is critical for home buyers. Pest inspections : Roaches are one thing.

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Inspection Insurance Sellers Buyers 196

Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others?

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Reconsideration of Value Final Inspection Bracketing Appraisal 80

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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Appraisal Process Reconsideration of Value Bracketing Final Inspection 88

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Kansas City, Missouri.

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Housing Market Marketing Real Estate Agent Loan Officers 345

Appraiserblogs

JUNE 27, 2023

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is supposed to prioritize the interests of the borrower above all else. appeared on Appraisers Blogs. After all, who doesn’t want to close more deals in less time?

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Inspection Loan Officers Appraisal Investing 110

Appraiserblogs

JANUARY 17, 2024

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is… The post HUD’s Use of Convicted Felons to Ramp Up ‘Discrimination Testing’ appeared on Appraisers Blogs. But What About Fiduciary Duty?

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Riverfront Appraisals

MARCH 5, 2021

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one on the Final Inspection process, go back and read it here. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […].

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Appraisal Final Inspection Loan Officers Inspection 78

Genworth MI Blog

JULY 13, 2023

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. This is true for appraisals, too. Recent trends are surfacing, and more instances of hybrid appraisals are changing how appraisals are conducted.

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Appraisal Inspection HOA Real Estate 78

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Housing Wire

JULY 11, 2022

The Ernst Fee Service is used by lenders to minimize fee cures by providing recording fees, transfer taxes, property tax, title, settlement, inspection data, and lender and appraisal fees. .

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Tools Property Taxes Loan Officers Inspection 341

Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?

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Bracketing Reconsideration of Value Final Inspection Appraisal 78

Riverfront Appraisals

AUGUST 31, 2021

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

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Construction Appraisal Appraisal Process Loan Officers 115

Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience.

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Modernization Technology Real Estate Agent Valuation 319

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

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Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years.

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Modernization Appraisal Inspection Valuation 371

Birmingham Appraisal

FEBRUARY 8, 2023

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not.

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Realtors Appraisal Market Value Real Estate Agent 77

McKissock

SEPTEMBER 28, 2021

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?”

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Appraisal Property Appraisal Loan Officers Clients 85

Housing Wire

MARCH 11, 2022

Because Fairway gets most of its reverse mortgage business from referral partnerships, extending to the purchase market made sense for Fairway because of the partnerships that its loan officer corps has spent so much time developing, according to Hultquist. Harlan Accola. Real estate agents hate dealing with call centers,” he says.

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Business Real Estate Agent Real Estate Loan Officers 343

Lamacchia Realty

JANUARY 23, 2023

Another important first-time home buyer step is seeking pre-approval from a lender for a home loan. This is when you will meet a loan officer from various mortgage companies. Step 6: Get a home inspection. Step 7: Get a home appraisal. Step 3: Get pre-approved for a mortgage.

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Real Estate Agent Inspection Realty Real Estate 71

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. No Need to Reinvent the Wheel – Put Your Customer First.

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Lending Technology Investing Loan Officers 322

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

So how do you find best Orange County Home Appraiser? You might be a home owner, a mortgage loan officer or even an appraisal management company. If you Google Orange County Home Appraiser and look at some of the listings, you’ll not find a lot of appraisers in Orange County, CA that do non-lender work.

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Appraisal Appraisal Process Loan Officers Inspection 60

Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. What if the home I love doesn’t meet these standards?

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Buyers Inspection Loan Officers Real Estate 78

Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” An appraiser’s data, reasoning and final opinion should be credible, reliable, independent, impartial and objective. If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. No, that’s fraud.

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Appraisal Market Value Contracts Clients 36

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. Then comes the issue of the appraisal.

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Sellers Loan Officers Inventory Home Value 66

Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. What if the home I love doesn’t meet these standards?

Buyers 60

Buyers Inspection Loan Officers Real Estate 60

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

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Construction Loan Officers Training Lending 148

PennyMac

DECEMBER 22, 2020

Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation. Step 5: Get an Appraisal on Your Ideal Property. During the appraisal, a licensed appraiser will take inventory of major systems (i.e.,

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Inspection Real Estate Agent Real Estate Agents 69

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

Construction 78

Construction Loan Officers Training Lending 78

Assurance Financial

APRIL 29, 2021

Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. Home Inspection.

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Mortgage Insurance Sellers Inspection 69

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Appraisal Today

MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years.

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Appraisal Architecture Business Contracts 52

PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. If you aren’t using a conventional loan, there are other limits for seller concessions. The agency will use the data from the inspection to plan for flooding emergencies. Lead-Based Paint Inspection.

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Insurance Property Taxes Sellers Inspection 36

PennyMac

APRIL 2, 2020

Step 7: Schedule a Home Inspection (and Other Tests). The first thing that most homebuyers do is to schedule a home inspection. During an inspection , nearly all features and systems of your home will be checked and evaluated, with both the homebuyer and seller receiving a report on the home inspector’s findings.

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Real Estate Agent Inspection Sellers Real Estate 36

Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. Racial disparities in appraisals are far less clear than property taxes. They were approved in December,” he said.

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Property Taxes Government Appraisal Valuation 435

PennyMac

JULY 25, 2022

Home appraisal. An FHA-approved inspector must first appraise the home you are considering buying. FHA loans are for primary residences only. The property you are buying with the loan cannot be intended as a second home or investment property, and you must occupy the property within 60 days of closing. Primary residence.

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Insurance Government Investing Mortgage 36

Clear Capital

SEPTEMBER 13, 2023

Encompass enables loan officers to close loans faster, originate more loans, reduce time to close, and create improved borrower experiences. We test ClearAVM against closed sale and refinance appraisal benchmarks. Access comprehensive appraisal review and analysis for any time period.

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Technology Valuation Mortgage Inspection 36