McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

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Real Estate Appraisal Valuation Loan Officers 36

Chicagoland Appraisal Blog

MARCH 14, 2017

Anyway, I was comfortable with the fee and it was accepted by the AMC (Appraisal Management Company) that the lender hired to manage the appraisal ordering process. My Thoughts: I think this is a GIANT step backward and goes directly against ensuring public trust. Did I leave anything out or do you want to join the conversation?

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Appraisal Real Estate Property Appraisal Loan Officers 78

McKissock

SEPTEMBER 28, 2021

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?”

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Appraisal Property Appraisal Loan Officers Clients 85

PennyMac

JANUARY 2, 2024

To ensure that you’ll continue to benefit from favorable market conditions even after committing to a rate, consider using a lender that offers a float-down option on purchase loans, such as Pennymac’s Lock and Shop. If your loan officer doesn’t mention a rate lock, you should ask for one when you’re ready to lock.

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Mortgage Contracts Loan Officers Marketing 36

Birmingham Appraisal

FEBRUARY 8, 2023

The only appraisal that use to be done, and that most people are familiar with, was a full appraisal by a licensed or certified person who would physically inspect the property and then write up the report and deliver it to the lender. Inaccurate property data can contribute to inaccurate appraisals.

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Realtors Appraisal Market Value Real Estate Agent 77

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. 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.

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Housing Wire

MARCH 13, 2023

The couple applied for a refinance loan with loanDepot and were initially approved with a 2.25% interest rate, with a “conservative” estimated value of the house at $550,000, pending a property appraisal. After the appraisal, loanDepot said it would not extend the loan.

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Appraisal Valuation Law Loan Officers 370

AmeriMac

JANUARY 30, 2024

The reverse mortgage appraisal report stands as a pivotal element in the loan application, influencing the terms and approval, making it an indispensable part of the entire process. When applying for a reverse mortgage, it is important to work closely with your loan officer.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Quicken Loans

JUNE 10, 2021

Loan officers will need any information you haven’t yet provided surrounding your debts, assets, credit and income. Once you’ve finished your application, your lender will provide you with a loan estimate. Get The Property Appraised.

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Mortgage Real Estate Agent Sellers Appraisal 68

Assurance Financial

APRIL 29, 2021

During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. The appraisal can be more than the price of the house or it can be less. Apply online today or find a loan officer near you.

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Mortgage Insurance Sellers Inspection 69

PennyMac

JUNE 28, 2022

How much this fee will add to your costs will depend on your monthly premium amounts, which is about $30–70 per $100,000 loaned. Property Appraisal Fee. Before you can close, you’ll need to get an official appraisal report for your property. Speak to a Pennymac loan officer today to get started.

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Insurance Property Taxes Sellers Inspection 36

Housing Wire

AUGUST 22, 2022

With average home sale prices in Baltimore having increased by about 25% since then, a loan officer at loanDepot told the couple that “we should be good” because the estimated value was “pretty conservative.”. loanDepot contracted 20/20 Valuations and after the appraisal, the lender said it would not extend the loan.

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Appraisal Loan Officers Valuation Finance 370

Assurance Financial

NOVEMBER 28, 2023

Pre-approval: The lender evaluates your creditworthiness and pre-approves you for a certain loan amount. Property search: You search for a property to purchase within the pre-approved loan amount.

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Mortgage Property Taxes Insurance HOA 69

Housing Wire

FEBRUARY 7, 2022

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said. Premium product.

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