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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely. 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.

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The Automated Appraisal: Tips for a Changing Appraisal Environment

Genworth MI Blog

The person conducting the property inspection may not be licensed or have enforceable standards of practice, so the borrower experience can vary widely. 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.

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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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What is a Hybrid Appraisal?

Robinson Appraisal Group

However, a hybrid appraisal includes an exterior observation of the property, sometimes including an interior inspection by a third-party: this third party inspection could be done by a real estate agent, a property inspector or even another real estate appraiser.

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2024 USPAP For Appraisers

Appraisal Today

It was my favorite class as we could focus on issues in our current market. in context of a comprehensive database of property characteristics and market transactions. Next month’s newsletter will have a lengthy article on the issues of the property inspector. I taught USPAP before the ASB told you what to teach.

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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?