What COVID-19 Has Taught Us About Appraisals

What COVID-19 Has Taught Us About Appraisals

The entire housing market has seen a lot in the past 18 months or so, and the appraisal industry is no exception. With all that’s happened since the COVID-19 pandemic started, we can all safely say that we’ve learned quite a bit. So, now the question is, what have we learned about the appraisal industry…

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What AMCs Do and Don’t Do in the Appraisal Process

What AMCs Do and Don’t Do

Appraisal Management Companies (AMCs) are one of the newest additions to the real estate industry. AMCs were created from Dodd-Frank to separate mortgage brokers from appraisers, protect the market from inflated and/or biased values, and facilitate the entire appraisal process. In addition to managing the appraisal process, AMCs must also consider the perspectives and needs…

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The Responsibility of Appraisers

Responsibility of appraisers

As an AMC, we spend a lot of time talking and thinking about the responsibility of appraisers in the housing market and the vital role they play. We’re so grateful for the many incredible appraisers we work with daily and are always looking for ways to help our appraisers be more efficient and generally better…

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How to Recruit More Appraisers to the Profession

recruit more appraisers

It’s a song we’ve heard time and time again—we need more appraisers as more and more people are retiring and leaving the profession. The problem isn’t going to go away anytime soon—appraisers are getting older and older. According to these numbers from the Appraisal Institute, 70% of appraisers are over the age of 50! With…

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Using Technology to Speed Up the Appraisal Process

Appraisal Technology

One thing we’ve been talking about a lot this year is the fact that homeowners to lenders to buyers want to get a mortgage more quickly. It seems reasonable, too, given all of the advances in technology within the housing industry recently to utilize appraisal technology—especially during 2020. The Pandemic Has Changed Appraisals The housing…

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Home Appraisal Myths – Busted!

Home Appraisal Myths

No matter how many times you’ve been through the process, the prospect of a home appraisal can seem a little daunting. With the cobweb of people involved, it’s understandable that your clients may feel a little bit confused. So, to help everyone through the process, we’ve compiled a list of the top seven home appraisal…

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5 Things Appraisers Want Sellers to Know

Things appraisers want sellers to know

Wouldn’t it be so much easier if there was a blog filled with all of the things appraisers want sellers to know? Oh, we just wrote one? Guess you’re in luck! That’s right, we’re unveiling all the mysteries! (Well . . . maybe not all of them, then you wouldn’t need us if you knew…

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Everything You Need to Know About Manufactured Home Appraisals

Manufactured home appraisals

There is growing demand for alternative types of housing as prices for traditional single-family residences soar and it’s becoming more and more difficult for people to afford those homes. One attractive alternative type of home is the manufactured or modular home, which is built elsewhere and then moved to the final site. In fact, according…

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Different Home Appraisal Types

home appraisal

With so much chatter out there about different kinds of home appraisals (especially since the pandemic has increased some of these appraisal types and decreased others), we thought we’d write something about the different home appraisal types and their pros and cons. While we’re not addressing appraisal waivers here, we’d like to point out that…

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How Appraisers Pick Comps

how-appraisers-choose-comps

Appraisers have to be really methodical about how they pick comparable properties, or comps, when they are doing home appraisals. There are extensive guidelines from Fannie Mae, Freddie Mac, and the FHA about what constitutes an appropriate comp for a home appraisal. Here’s a peek into how appraisers pick comps and how they affect a…

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