Cryptocurrency: Everywhere you look, there it is. Businesses are offering for you to purchase items with it. Banks and credit unions are investing in it. The financial world is, simply put, obsessed with it. And despite it being a fairly new technology, every time anyone looks, it keeps getting more and more relevant.So what exactly […]
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There’s always one question every appraisal department wants to know: Does this qualify for appraisal exemptions? And depending on the answer, there are often many, many questions that follow.For a little clarity on the finer points about when you should consider appraisal exemptions and how they may affect your appraisal process, we created this list […]
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As you know, we like to stay on top of the latest in commercial real estate, and that includes being knowledgeable of the most recent changes in regulations. The FDIC recently approved a new appraisal threshold for commercial real estate. As a result, the appraisal threshold raised from the $250,000 to the $500,000 mark. Now, […]
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As parties to a mortgage transaction contingent upon an appraisal, borrowers, and lenders often struggle with a dilemma when they are unhappy with the results of appraisal: “Should I get a second opinion?” A quick internet search delivers thousands of results for advice and strategies on how to battle “low” appraisals, however few of them […]
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When it comes to appraisal regulations in 2018, we know you probably have questions. Whether you’re new to appraisals or just need a refresher on the finer points outlined by common requirements, there’s a lot to keep up with when it comes to appraisal regulation and guidance. To help you make sense of the details, […]
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Appraisal compliance — it’s been the buzzword for the last decade. With banks required to manage more and more requirements on the same budgets, with the same teams, it’s never been more crucial for financial institutions to establish a process that works correctly from the get-go. But before you can establish a foolproof process, there […]
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For those not as well-versed in the appraisal industry, it might come as a surprise that there are many types of appraisals and appraisal reports. We’ve covered the property appraisal methods in the past, however, different reports are ordered for different types of properties as well as different needs. By knowing which types of appraisal […]
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College football has returned and the demand for financial agility has risen yet again — both sure signs that the end of 2018 Q3 is here. But before we look to Q4, here are the highlights, insights, and essentials from the past financial quarter that will affect the trends through the end of the year. […]
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If you find yourself frustrated over your property appraisal process, noticing a few too many inefficiencies, or feel buried under a mountain of paperwork, you might be dealing with an outdated appraisal process. We get it. The real estate appraisal process can be cumbersome. There’s a lot of red tape to sort through and changing […]
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Over the years, the appraisal review has become an essential part of the appraisal process. While the review is important for many reasons, it’s paramount because it guarantees an appraisal is complete and sound. What is an appraisal review you might ask? By definition, an appraisal review is used to investigate, analyze, and verify the […]
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