article thumbnail

Challenging a mortgage appraisal

Annarbor Appraisal

Even though the lender is the client, the borrower is by regulation, required to be given a copy of the appraisal report. When a sale is involved, the valuation may be lower than contracted price. Most appraisers will respond to the ROV as a normal part of their business. Limit the number of sales to three if possible. •

article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. No longer will appraisers find the right field and check the right box.

Appraisal 397
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Appraise Rural Properties

Appraisal Today

This is an excellent diversification opportunity, with little competition from other appraisers or the GSEs use of other ways to get a value without human appraisers. You can expand your area to include rural appraisals to get more business. This kept appraisers busy. There may be seminars available.

article thumbnail

Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

I have been reading about using Chat GPT for appraisal marketing and narrative reports, but this is the first I have read about form reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

article thumbnail

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Let’s walk through tips and pointers to help guide you through the do’s and don’ts of communicating with an appraiser, along with tips on how to support your argument when appealing an appraisal. Communicating with the Appraiser: Do’s and Don’ts. A Few Basics. Market value has some key elements that we must understand.

article thumbnail

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Let’s walk through tips and pointers to help guide you through the do’s and don’ts of communicating with an appraiser, along with tips on how to support your argument when appealing an appraisal. Communicating with the Appraiser: Do’s and Don’ts. A Few Basics. Market value has some key elements that we must understand.

article thumbnail

What Is Appraisal Review in Real Estate?

AmeriMac

This article discusses what an appraisal requires, why it needs to be reviewed and the methods involved in arriving at both conclusions. What Is an Appraisal? An appraisal is the fair valuation of a property based on a professional’s opinion, mainly if the payment method includes a mortgage.