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.

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Riverfront Appraisals

JANUARY 18, 2021

Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. In this blog post, we’re starting with the end. We’ll briefly look at what a final inspection […].

Final Inspection 92

Final Inspection Inspection Appraisal Loan Officers 92

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.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

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. But with obstacles in the way for many, lenders need to stay updated on market trends and understand how every part of the homebuying journey might be impacted.

Appraisal 78

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?

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Realtor

NOVEMBER 7, 2023

Escrow accounts are common for loans with less than a 20% down payment and mandatory for FHA loans, but it’s not required for VA loans. 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.

Inspection 196

Inspection Insurance Sellers Buyers 196

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.

Property Taxes 435

Property Taxes Government Appraisal Valuation 435

Cornerstone

OCTOBER 26, 2021

As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. This difference is known as ‘the appraisal gap… ’”. This difference is known as ‘the appraisal gap… ’”. What triggers an appraisal gap?

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. What appraisers do. But never fear.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. What appraisers do. But never fear.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

How to Choose a Real Estate Appraiser? An appraisal is a professional appraiser’s unbiased and impartial opinion of value based on the condition of the property, prevailing real estate prices and other factors. The important questions are about education and licensing, relevant experience and appraisal methodology.

Real Estate 36

Real Estate Appraisal Valuation Loan Officers 36

Town & Country Residential Appraisals

JANUARY 24, 2020

If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. If you feel that an appraiser has artificially inflated a market value opinion, report this behavior to the PA Appraiser Board here. After nearly 20 years of appraising, we’ve seen some weird things.

Appraisal 36

Appraisal Market Value Contracts Clients 36

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.

Appraisal 60

Appraisal Appraisal Process Loan Officers Inspection 60

The People's Appraisal Blog

MARCH 28, 2019

In my previous blog posts titled “Round and Round” and “Pressure My Story”, I spoke to examples of how lenders and/or AMCs have been pushing and pressuring appraisers to hit certain values on transactions. They get everything set up on their end and ready to apply for the loan.

Loan Officers 36

Loan Officers Law Appraisal Valuation 36

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. Assessed Value.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Assurance Financial

DECEMBER 20, 2021

The home’s gains in market value. Once you’ve found the home you want and the seller has accepted your offer, your lender sends your financial information over to a loan processor, who double-checks all of the details and will contact you if they need any clarification. Mortgage principal payments.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” ” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. Interview with Ribbon Co-Founder & CEO Shaival Shah.

Sellers 69

Sellers Agents Real Estate Buyers 69

PennyMac

JUNE 28, 2022

If you aren’t using a conventional loan, there are other limits for seller concessions. For example, if you have an FHA loan, there is a standard limit that sellers can only contribute 6% based on the appraised value and the price of the property. Property Appraisal Fee. What Is Included in Closing Costs?

Insurance 36

Insurance Property Taxes Sellers Inspection 36