Editor’s Note: This story is one in a three-part series: Pressure: Dealing with It; Comp Checks: Learning to Live Without You and Getting Full Fees. Find more at www.workingre.com. Comp Checks: Learning to Live Without You According to most appraisers, the only way to “move on” when it comes to comp checks is to make...…
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Comp Checks: Shifting Liability to Appraisers By Steven R. Smith, MSREA, MAI, SRA In case you are not aware, a loan can be funded under desktop underwriting guidelines with as little as a list of sales. So why all the comp check requests by mortgage brokers if in many cases they already have all they...…
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Taking Care of (Your) Business by David Brauner, Editor Two files sitting on my desk and several other stories this issue speak to why the success or failure of your business in today’s world depends on knowing who you work for and who you work with, as much anything else. One file concerns an appraiser...…
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“Comp” Checks: Turning Requests into Orders “Please check the comps first and call me immediately if the value is not there.” Sound familiar? Or the mortgage broker who calls from parts unknown asking: “Do you check comps first? I don’t want my borrower to pay for an appraisal they can’t use.” Just as lender pressure...…
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Can AVMs Work for You? By Bradley H. Ellis, IFA, RAA By now, most of us have utilized technology to change the way we do business. We’ve been able to leverage technology to work faster, smarter and cheaper. But what do we do about AVMs, which many feel will eventually put appraisers out of business?...…
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