The 1004/70 appraisal form used for Uniform Residential Appraisal Reports hasn’t been updated since 2005, despite the changes and innovations that have taken place in the mortgage industry and in ...

Traditionally, appraisal reviews have required lenders to have a team of underwriters in place to manually review data to ensure accuracy and completeness. This process is time-consuming and the use ...

Lenders are facing increasing pressure to modernize their home lending operations, lower costs, and reduce risk following a rapid rise of interest rates and resulting cooling of the housing market.

Appraisal has long been utilized as a tool for resolution of disputes over the amount of loss at issue in property insurance claims. Appraisal was once an amicable, prompt and independent process to ...

When looking at issues in the mortgage industry, there’s a noticeable number of problems revolving around efficiency. It isn't about having enough appraisers to go around; it's about making them more ...

You have your accepted contract in hand, a closing date, and many things to do before your loan is approved. One of these items is the appraisal, which if not everything works out properly can quash ...

In an industry where technology is changing the way we do business minute by minute, one of the most important factors when purchasing a home is done in an archaic fashion. The residential appraisal ...

Purchasing a home involves more steps than most first-time buyers expect. You find the right house, then make an offer, and get it accepted—but you're not done yet. Before you can close on the ...

A home appraisal is a crucial step in buying a house. An appraisal report is created by an unbiased, independent third party to assess the property’s financial value. By understanding how appraisals ...

Many employers value the need for a performance appraisal process for workers but some question the effectiveness of this common management tool. A cost and productivity-conscious small-business owner ...

Property vales when up a lot in Knox County, and your home is likely worth more. But taxes should remain basically flat.

The Eleventh Circuit Court of Appeals recently held that, under Georgia law, an appraisal process tolled a commercial property policy’s two-year contractual suit limitation period even for non-covered ...