The People's Appraisal Blog

JULY 15, 2019

When I say ALWAYS I mean my private clients. Private” means consumers hiring me directly or a direct lender who does not use an Appraisal Management Company or AMC). Their intended purpose was to serve as a firewall between appraisers and lenders. For example: A lender is told the appraisal will cost $600.

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Appraisal Clients Business Real Estate 66

Appraisal Today

OCTOBER 27, 2023

When I opened the door, it clearly agitated them and I got out quickly and advised the lender to send in an exterminator ASAP. Lenders would have never loaned on them! Speaking of surprises, a recent Zillow analysis finds most states don’t require sellers to disclose paranormal activity in the home they’re selling.

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Property Appraisal Appraisal Business Contracts 71

Appraisal Today

JANUARY 5, 2024

Lender issues are a significant factor in USPAP and Myths 1 to 4. NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Contracts Legal Business 74

McKissock

DECEMBER 7, 2021

Since many appraisers are self-employed and operate as small businesses, money management skills are key. When you’re focused on running your own business, it’s hard to find time for things like social media and email marketing. ” Find more tips and insights in our post written by seasoned appraiser Steven W.

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Property Appraisal Appraisal Clients Business 64

Appraisal Today

SEPTEMBER 22, 2023

The survey findings indicate that 30% of respondents reported that a data collector had given them the impression that they were the appraiser or had a role other than merely collecting property data. An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need.

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Appraisal Training Inspection Real Estate 85

Appraisal Today

JUNE 10, 2022

In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. This blog considers how each friction will respond to this “excess” of appraisers. I hope you saved up lots of money over the past few years! Non-lender Appraisals Good fees and few hassles.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

APRIL 5, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” acre lot Nestled at the end of a long private drive, this sanctuary ensures maximum privacy and prime security with a guard booth and a gated entrance.

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Appraisal Contracts Business Construction 75

Appraisal Today

AUGUST 19, 2022

“Often, the appraiser will not read the lender’s requirements—and if those requirements are not in the report, it cannot be delivered, or the lender will send it back. Review the specific lender requirements and make sure you covered all the bases. My comments : Worth reading if you do lender appraisals.

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Appraisal Contracts Business Mortgage 52

Lamacchia Realty

DECEMBER 10, 2021

Stay vigilant with the information you provide and if something seems off, and always before you wire money, confirm with your REALTOR, Attorney or Title company verbally from a known number. Decide who you want to work with for your inspections, attorneys , and lender, to name a few. Important Documents to be Aware of. April 8, 2021.

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Buyers Insurance Realtors Loan Officers 65

Quicken Loans

DECEMBER 5, 2021

Most mortgage lenders would love if borrowers put down 20% for a home as it lowers their risk when funding the loan. But you’ll probably have to pay for private mortgage insurance (PMI) instead, which is an extra cost on top of your monthly payment. It might take some brainstorming to find the right source of extra income for you.

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Buyers Finance Mortgage Design 66

Quicken Loans

JUNE 23, 2021

Sending In Extra Money Without Explaining What It’s For. Rocket Mortgage ® won’t complain if you send in extra money, but we aren’t mind readers, which can make it tricky when you send in extra money without telling us what it’s for. Your best bet is to check your lender’s website to find the best ways to contact them directly.

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Mortgage Property Taxes Insurance Technology 43

Appraisal Today

APRIL 14, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc.

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Appraisal Bracketing Contracts Valuation 52

AmeriMac

APRIL 15, 2024

In this blog, we will explore the ins and outs of home appraisals, including their importance, how they affect mortgage loans and home equity, and the step-by-step process of ordering a home appraisal quickly. Additionally, the property serves as collateral for the mortgage lender, making the appraisal a necessary step in the loan process.

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Appraisal Appraisal Process Real Estate Renovations 36

Birmingham Appraisal

FEBRUARY 8, 2023

The only appraisal that use to be done, and that most people are familiar with, was a full appraisal by a licensed or certified person who would physically inspect the property and then write up the report and deliver it to the lender. The post 3 Types Of Appraisals Realtors Should Be Aware Of appeared first on Birmingham Appraisal Blog.

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Realtors Appraisal Market Value Real Estate Agent 77

Quicken Loans

JANUARY 11, 2022

(Although the agency does determine who qualifies to obtain one under its guidelines, and which financial lenders can issue them.) VA loan terms are generally more favorable for prospective home buyers and borrowers, as there is no down payment due at closing and no private mortgage insurance (PMI) required. VA Loan Limits.

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Insurance Finance Design Mortgage 44

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Other notable features include a tennis court, indoor pool, private boat dock, and a spacious garage.

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Appraisal Real Estate Valuation Contracts 85

Appraisal Today

JULY 7, 2023

But, for residential lender appraisers, there is no advantage to coming in “low” on any residential lender appraisal. Hopefully, I would not have become an appraiser working for residential lenders before then because of the obvious bias. million in a private transaction to timber tycoon John Rudey. You may lose a client.

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Appraisal Real Estate Contracts Mortgage 75

Quicken Loans

JUNE 21, 2021

Enough money to cover the upfront mortgage insurance premium payment (around 1.75% of your loan). The VA can issue the eligibility certificate or your mortgage lender can obtain a certificate for you. The VA does not set limits on your DTI, although some individual lenders may. Private Mortgage Insurance: FHA Vs. VA Loans.

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Insurance Government Mortgage Development 36

Appraisal Today

FEBRUARY 10, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on estate/trust appraisals and Fannie changesunusual homes, mortgage origination stats, etc. = And while it’s a nearly all-glass dwelling, the home is still plenty private.“You

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Appraisal Contracts Architecture Mortgage 52

Appraisal Today

OCTOBER 7, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. Fannie Mae’s Quality Insider, written for lenders. make more money.

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Appraisal Contracts Architecture Housing Market 52

Appraisal Today

JANUARY 12, 2024

However, this blog shows that appraisers frequently do not make time adjustments, even when they are likely to impact the appraised value substantially. This analysis also finds that the adjustments appraisers do make are typically substantially smaller than house price indexes would suggest. My market is very volatile.

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Appraisal Contracts Mortgage Marketing 66

Appraisal Today

SEPTEMBER 23, 2022

Excerpts: … senior leaders at AMCs, lenders and the GSEs have noted that slower appraisal volume will favor those appraisers who can stay in communication with their clients and provide faster turn times. The upcoming October issue of the monthly Appraisal Today has an article, “Which are your best current and former AMC/lender clients?

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Appraisal Marketing Business Contracts 52

Quicken Loans

DECEMBER 3, 2021

One of t he biggest advantages is the ability for veterans and service members to purchase a home with no money needed for a down payment. Additionally, VA loans don’t require private mortgage insurance (PMI). Do all lenders offer VA loans? No, not all mortgage lenders offer VA loan benefits.

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Insurance Appraisal Mortgage Appraisal Process 62

Appraisal Today

FEBRUARY 24, 2023

Non-lender appraisals, with higher fees, also require a higher skill level. To read more of this long blog post with many topics, click Read More Below!! To read more of this long blog post with many topics, click Read More Below!! I learned the hard way about lender appraisal ups and downs. They will pay good fees.

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Appraisal Architecture Valuation Business 52

Appraisal Today

NOVEMBER 25, 2022

My comments: We all have these stories ;> Divorce is the best non-lender option for residential appraisers. To read more of this long blog post with many topics, click Read More Below!! My comments: A good specialty for appraisers is appraising luxury homes for lenders and other purposes. To read more, click here.

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Appraisal Market Value Contracts Finance 52

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. In addition, a lender will closely examine the findings and determine whether they feel confident that their investment will be repaid. Any intended user can utilize this type of report.

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. There is another lender option – private money lenders. There is another lender option – private money lenders.

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Appraisal Real Estate Agent Contracts Real Estate 80

The Robert Weiler Company

OCTOBER 15, 2021

Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought! It takes work in the beginning to find the right person to manage your commercial investment property.

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Investing Real Estate Tenants Investors 138

Appraisal Today

DECEMBER 15, 2023

They’ll also find bigger, high-resolution photos of never-before-seen spaces, such as Santa’s mailroom and gift-wrapping suite, organized room by room. Loan discounts — known as pricing exceptions — is when a lender makes exceptions to its established credit standards. Are you getting too many ad-only emails?

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Appraisal Contracts Business Mortgage 76

Movoto

MARCH 27, 2024

As the down payment is typically the biggest obstacle for most would-be home buyers, finding a zero down mortgage or a lower down payment option can be a significant boon for those on the journey to homeownership. Notably, VA loans also skip private mortgage insurance (PMI), saving you money each month. Credit Score.

Mortgage 36

Mortgage Insurance Design Buyers 36

Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender A decided not to grant the loan and the borrower then engaged Lender B to obtain financing. Few lender appraisers survived.

Contracts 83

Contracts Appraisal Mortgage Inspection 83

Appraisal Today

OCTOBER 14, 2022

Lastly, many lenders have progressed beyond the initial risk identification stage, or the “gotcha stage” to a holistic and strategic approach that accepts risk into their business objectives. View from the AMC/Lender side. Lender and AMC revision requests. Almost all the staff lender res appraisers were laid off.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ I decided what to do.

Insurance 77

Insurance Appraisal Contracts Mortgage 77

Appraisal Today

OCTOBER 6, 2023

Gotta keep that money coming into the Appraisal Foundation, I guess… I really hated the classes when there was not much to say except a rehash of the past. Personally, I think there is very, very little intentional discrimination by appraisers, compared with the intentional discrimination by lenders (and others). Well worth it.

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Appraisal Contracts Real Estate Mortgage 76

Appraisal Today

NOVEMBER 17, 2023

For example, property data collectors (PDCs) may be engaged by lenders for very low-risk loans where an appraisal is not required. Property Data Collectors (PDCs) Will Be Widely Used by Lenders in the GSEs Value Acceptance + Property Data Option” This is an excellent diversification opportunity while business is slow.

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Appraisal Modernization Training Business 69

Appraisal Today

SEPTEMBER 17, 2022

I left the homes and contacted the lender. This was originally posted on McKissock’s Appraisal Blog, but that link was not working. To read more of this long blog post with many topics, click Read More Below!! Which are your best current and former AMC/lender clients? What do you want to offer to AMCs and lenders?

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Appraisal Construction Contracts Insurance 52

Will Springer Realtor

MARCH 14, 2022

However, as the news from Europe worsens many investors are shifting money into safer havens such as bonds that help provide temporary relief on rising rates. My lender friends in Seattle are quoting mortgage rates of around 4% (plus or minus an-eighth of a point), depending on individual circumstances. bath , 5218 sq.

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Housing Market Marketing Real Estate Supply Chain 36