Remove Contracts Remove Loan Officers Remove Market Value Remove Mortgage
article thumbnail

Polly adds Total Expert to its API integration roster

Housing Wire

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

article thumbnail

What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243
Insiders

Sign Up for our Newsletter

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

article thumbnail

3 Types Of Appraisals Realtors Should Be Aware Of

Birmingham Appraisal

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. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

article thumbnail

What Happens to My Mortgage If I Move?

Assurance Financial

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

article thumbnail

New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

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.

article thumbnail

How to spot a bad appraiser.

Town & Country Residential Appraisals

That’s a step towards mortgage insurance fraud and a lost license. Make no mistake - these individuals are trying to shift the liability for mortgage fraud from themselves to another party. If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here.

article thumbnail

A Little Push Can’t Hurt Right? Wrong!!

The People's Appraisal Blog

They get everything set up on their end and ready to apply for the loan. But as the process with the lender gets going, they get a letter like this one below from the loan officer or banker: I don’t know about you, but in my opinion, this violates Dodd Frank, Appraiser Independence. Now read #3 again. My answer is NO.