Riverfront Appraisals
JULY 1, 2021
For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
Appraisal Buzz
JUNE 7, 2021
Josh : The course is taken by staff of lending institutions and appraisal management companies and centers on the need for companies to meet or exceed clients’ and regulators’ minimum training requirements. Buzz : How should AMCs handle a reconsideration of value (ROV)?
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Riverfront Appraisals
JUNE 13, 2021
Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others? We’re halfway there!
Riverfront Appraisals
APRIL 30, 2021
Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.
Annarbor Appraisal
SEPTEMBER 6, 2020
Lenders offer a formal “Reconsideration of Value” (ROV) process. Contact the loan officer for assistance in submitting an ROV, but remember these processes are mostly one-and-done, therefore be rational and compelling in that first submission. If the value remains the same, then it is time to renegotiate or move on.
Birmingham Appraisal
SEPTEMBER 15, 2022
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. This form is what is used by most lending institutions for residential properties. What is a Mortgage Appraisal?
Cleveland Appraisal Blog
MARCH 30, 2021
When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. I’m grateful that nearly half of my work these days is not for lending purposes.
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