Articles Tagged with ''Appraiser''

Appraisal experts: Here’s how you can best prepare your borrower

Set expectations, and if they must appeal, bring solid comps
Borrowers often have considerable expectations when it comes to their home’s estimated value, and navigating these can be tough for both the loan officer and the appraiser. Experts from two appraisal management companies recently discussed how to best prepare a borrower for an appraisal the National Reverse Mortgage Lenders Association conference in San Diego, and here’s what they said.
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From HW Magazine

Here's how appraisers can succeed in the middle of disruption

Making friends with automation
In the midst of changing technology and the rise of the digital mortgage, valuation tools have become a key topic as lenders and buyers push for a faster home-buying process. Some appraisers, however, are struggling with where they fit. When navigating this new landscape, appraisers and valuation technology providers have to keep in mind the evolving needs of consumers balanced against the safety of the housing finance market.
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Should borrowers be charged AMC fees and appraiser fees separately?

There are two sides to mortgage lending valuations at play here
The appraisers I speak to paint the AMCs as part of some large conspiracy to nickel-and-dime their way to big profits. The AMCs I speak to believe they are vital to maintaining the arms-length regulatory requirements set forth by Dodd-Frank. Are the AMCs hiding something? Maybe, maybe not. But, there is certainly something missing.
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LendingLife reader: “Only a handful of AMCs will remain in a few years”

Industry left scrambling for solutions?
Last week readers of LendingLife got a first look at the Veros, Valligent partnership promising to cut mortgage lending cost. In that article, it's written that a big part of that cost savings would be taking the legwork out of valuations. More importantly, the news set off some responses from LendingLife readers, not just on the partnership, but on the state of the valuations industry as a whole.
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Overworked and underpaid: Here are the challenges facing appraisers next year

Industry suffers from a clear lack of unity
While most sectors of the mortgage industry managed the increased demand with few hiccups, the appraisal services segment of the industry did not fare as well. The uninterrupted appraisal demand throughout 2016 and into the first quarter of this year led to chronic fatigue that spread throughout the appraiser population, leaving 3 major challenges for the industry to face.
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