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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. Access our appraisal training courses here. What does that mean?

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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. Access our appraisal training courses here. What does that mean?

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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

This data-collection process gets the appraiser to the property (at the street) and the appraiser then makes assumptions about the interior based on observing the exterior (think: the exterior appears to be in well-maintained condition, so I assume the same for the interior).