Make Way for Appraisal Technology in the Mortgage Industry

Make Way for Appraisal Technology

There is no denying that technology is the future, and that algorithms are changing the face of a number of different professions. But a recent trend in the real estate market has some appraisers on edge. The profession is already losing people, with only 78,000 licensed US appraisers in business in 2017 compared to the 120,000 who were available in 2012. Continue reading “Make Way for Appraisal Technology in the Mortgage Industry”

AMCs: Vital Players In The Lending Process

AMCs Vital in the Lending Process

 

By: Steve Greenfield 

The loan origination process involves numerous parties, including the Appraisal Management Company (AMC)–a vendor that plays a vital role in the lending process.

Whether your organization is a bank, non-bank, credit union or other type of financial institution, chances are if you are lending on collateral, you’ll be engaging an AMC to obtain a valuation of the property in order to close on the transaction—and therefore oversight of your AMC is critically important. Continue reading “AMCs: Vital Players In The Lending Process”

Evaluating Valuations: The Growing Gap Between Homeowners & Appraisers

Home Value
It was not that many years ago when the overriding question pertaining to US home valuations was most often ‘how low would they go?’

During, and immediately after the Great Recession, millions of American homeowners found themselves helplessly watching as the value of their homes—in many cases, their greatest family asset—endured a seemingly endless decline in value.

Continue reading “Evaluating Valuations: The Growing Gap Between Homeowners & Appraisers”