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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. You have to make sure the person doing the desktop appraisal knows the local market– that’s your responsibility as a lender. How many years of experience must the appraisers/property inspectors have?

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

Today, we’re breaking down some of the new developments in appraisals, what they mean for your business, and tips to help you prepare. You have to make sure the person doing the desktop appraisal knows the local market– that’s your responsibility as a lender. How many years of experience must the appraisers/property inspectors have?

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Home Appraisal vs. Home Inspection

CP Home Appraisals

Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does. The bulk of the appraiser’s work is focused on market analysis to decide market value based on “assumed” condition of the house.

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Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending. Are these “other” inspection-and-valuation processes appropriate for lending? But is this so-called “new” process really new at all?