With lenders now having such a powerful analytical tool directly at their disposal, the big questions for appraisers is how this is going to change the appraisal process.
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Here is a snippet from a Collateral Underwriter report sent to a lender (not the appraiser). Take a good look at it. Few appraisers EVER see a report like this.
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With the AQM system now fully operational, many appraisers fear that placement on such a list can be a career death sentence, since lenders will be wary of using an appraiser whose work has been flagged by Fannie.
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>> See Past News Editions >> Click to Print > Expert’s Guide to Defensible Workfile “Bulletproof” your workfile, protect your license and your livelihood with this expert help. Make your time count: learn quick tips from an expert on how to produce highly defensible reports that keep you safe and raise the quality of your…
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>> See Past News Editions >> Click to Print > Expert’s Guide to Defensible Workfile “Bulletproof” your workfile, protect your license and livelihood Today! Learn quick tips from an expert on how to produce defensible reports that keep you safe and make you look good Click now. > Do You Do FHA Appraisals? Enjoy Better,…
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>> See Past News Editions >> Click to Print > Expert’s Guide to Defensible Workfile “Bulletproof” your workfile, protect your license and livelihood Today! Learn quick tips from an expert on how to produce defensible reports that keep you safe and make you look good Click now. > Do You Do FHA Appraisals? Enjoy Better,…
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While many appraisers initially hoped that the lead plaintiff in the case, real estate brokerage ProValue, Inc., would appeal the judge’s decision, the appeal has been officially dropped and the case closed.
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I have the honor of moderating a panel at the upcoming Appraisal Summit in Las Vegas in November on "building bridges" between appraisers and appraisal management companies (AMCs).
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When I first got into the appraisal business, the person training me handed me a sheet of paper that listed all of the adjustments I was going to need to complete an appraisal.
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