The mortgage industry is a key contributor to the US economy, and its impact can be felt across the country in tangible ways. It undertakes the sale, resale, and financing of thousands of new and existing homes and other properties every year, generating handsome revenue. Mortgage lenders engage in high-stake transactions that are decided upon after weighing in a lot…
mortgage appraisal process
Strong underwriting and appraiser identification can go a long way in building your business, which is why it’s so critical to examine industry best practices. Being able to identify ideal applicants and red flag trouble issues can help to get the housing market on its feet and to generate long-term growth for the industry. To limit issues, start with strong…
Appraisal is one of the most critical processes for Mortgage Lenders as an investor would not like to purchase a loan having issues with Appraisal. The process begins with the ordering of the Appraisal with an AMC, following up, receiving the Appraisal, reviewing it and completed with the signing off. It takes significant time and effort to go through these…