McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Birmingham Appraisal

AUGUST 23, 2023

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

Agents 85

Agents Appraisal Valuation Appraisal Process 85

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. This left the appraiser wide-open to being a target of “a series of errors” that affected the credibility of the valuation results.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

JANUARY 11, 2024

” Rich Weidel, Princeton Mortgage CEO : “I’m in some owners working groups, and somebody will bring up a tech and either they’re having great success and we’re struggling with it, or we’re having great success and they’re struggling with it. And there are some states or even some geographies within states that still mandate that.

Technology 375

Technology Contracts Business Appraisal 375

Housing Wire

DECEMBER 2, 2020

. “So, while we continue to take advantage of the favorable rate environment within our forward-mortgage segment, we see continued growth in our other lending segments and our non-lending segments.” As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry.

Finance 215

Finance Lending Retail Business 215

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. The church never quite paid the bills, and DeZarn needed a flexible second job. It fit well.

Appraisal 396

Appraisal Valuation Business Contracts 396

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Blog post: Advice for Working with Difficult Clients.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. The appraisal is for their benefit, but at the same time, the appraiser needs to complete a fair and supportable valuation.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Housing Wire

APRIL 6, 2021

How hybrid title and valuations help increase lending efficiency. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But the most important thing is educating clients from day one. She recently had a deal fall apart due to appraisal.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

JUNE 11, 2021

An appraisal is a valuation of a property by a third party. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. Should the appraisal come in lower than the contract price, the closing process may be impacted. The buyer typically covers the cost of the appraisal.

Inspection 423

Inspection Appraisal Buyers Appraisal Process 423

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Whether it’s a residential building or a retail mall, you want to attract tenants and clients so that you can start generating profit. To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with. Hiring a skilled sales team is a great way to do this.

Real Estate 303

Real Estate Development Appraisal Contracts 303

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. Private Island for $22M in North Carolina Excerpts: Just 30 minutes from uptown Charlotte, Merancas Island is accessed by causeway.

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. April 10, 2024) — Mortgage applications increased 0.1 baths, 14,450 sq.ft.,

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. There are 12 principal forms used for a mortgage origination appraisal. bath, 5,258 sq.ft.

Appraisal 68

Appraisal Contracts Valuation Design 68

Birmingham Appraisal

FEBRUARY 20, 2024

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.

Agents 89

Agents Appraisal Real Estate Agent Bracketing 89

Dart Appraisal

APRIL 30, 2021

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Who is the client and all intended users with addressees? . It is essential to utilize qualified and trained individuals for all valuations.

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

Appraisers look at homes that have sold, that are listed, and those under contract. The length and detail of the report will depend upon the type of communication the client desires. Mortgage Rates Impacting Housing – September Newsletter – DW Slater Appraisal Blog. Currently, there are two types of reporting.

Appraisal 342

Appraisal Development Market Value Clients 342

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Get the relevant date of value from the client or client’s attorney. acres of coastal land. I strongly recommend it.

Appraisal 80

Appraisal Contracts Training Architecture 80

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

Easement 52

Easement Contracts Appraisal Inspection 52

Eppraisal

NOVEMBER 3, 2023

Through sophisticated algorithms and machine learning, AI can now analyze vast amounts of data to provide accurate property valuations. Smart Contracts and Blockchain Blockchain technology is making waves in the real estate industry by introducing smart contracts.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Contracts 36

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. As year-end is approaching, we reflect on the past year and look ahead to the future.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Simonson Real Estate

JULY 10, 2020

Under fee simple ownership, a property owner may occupy the property and have the right to sell, lease, mortgage, or give an interest away. Prospective market value may be appropriate for the valuation of a property interest related to a credit decision for a proposed development or renovation project. Bottom Line.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Appraisal Today

APRIL 14, 2023

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. It is a place where we can show our clients just how valuable an appraisal can be. Worth reading.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Appraisal Today

NOVEMBER 4, 2022

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. NOTE: Please scroll down to read the other topics in this long blog post on AMCs, non-lender appraisals, liability, ROVs,unusual homes, mortgage origination stats, etc. ==.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

JUNE 2, 2023

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). I’ve taken this opportunity to network and market to new clients, take additional courses, and work with mentors/coaches.

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. AMCs had taken over the mortgage-lending work. They also fail to note the size of these under-valuations. Or hit the reply button. AEI recent report.

Appraisal 52

Appraisal Architecture Valuation Business 52

Appraisal Today

AUGUST 25, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M Excerpts: The 16,814-square-foot home sits on a more-than-third-acre, lakeside lot.

Appraisal 76

Appraisal Real Estate Agent Agents Real Estate 76

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. You should also consider non-QM lenders (non-qualified mortgage lenders).

Appraisal 74

Appraisal Training Lending Land Management 74

Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

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+ The GSEs started keeping track in 71.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

Appraisal 77

Appraisal Contracts Business Mortgage 77

Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” And that’s the way it is – March 1, 2023.

Appraisal 52

Appraisal Contracts Inspection Clients 52

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Other users might be sellers, mortgage underwriting, banks, and contractors.

Appraisal 93

Appraisal Inspection Appraisal Process Real Estate Agent 93

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. Q: How do automated valuation models (AVMs) come into play in the appraisal process? Never miss a post by subscribing to the Enact MI Blog!

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78