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The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.

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10 Costs of Buying a Home You Need To Know About

Realtor

It’s the price you pay the loan officer or broker for completing the loan, and it includes underwriting, originating, and processing the costs of buying a home. The origination fee is a small percentage of the total loan. Home inspection : This is critical for home buyers. Pest inspections : Roaches are one thing.

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Help your Borrowers Navigate Recent Home Appraisal Trends

Genworth MI Blog

Appraisal overview The appraisal is a report with an independent opinion of value of how much a property is worth. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report.

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection.

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The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

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3 Types Of Appraisals Realtors Should Be Aware Of

Birmingham Appraisal

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. If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. Property data collection consists of a complete interior and exterior inspection of the subject property. How do the solutions work?