When to Apply the Real Estate Secured Business Loan Exemption

business loan

When it comes to real estate business loans, did you know that certain transactions are exempt from appraisals? Much like the general appraisal threshold exemption, the real estate secured business loan exemption requires a focus on transaction value. While the general appraisal threshold is currently set at $250,000, the applicable threshold for real-estate secured business […]

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Understanding Different Appraiser Licenses

Licensed Appraiser

When it comes to determining the market value of your residential or commercial property, bringing in a licensed appraiser is a given. But did you know there are many different types of appraiser licenses? Here’s what you need to know about the various levels of certification and what’s required to become professional real property appraiser. […]

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When to Use the Abundance of Caution Exemption & Why

Abundance of Caution

Does your loan applicant qualify for an extension of credit based on a strong cash flow or collateral that is not real estate-related? If the answer is yes, the abundance of caution exemption could apply. There is often an air of uncertainty surrounding appraisal exemptions in general, and financial institutions would be wise to err […]

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5 FAQs for Appraisal Updates or Reappraisals

reappraisals

When we repeatedly hear the same questions, we know it’s time to sift through the noise and offer some much-needed answers. Recently, we realized we were encountering a great deal of confusion about appraisal updates and reappraisals. Today we’re clearing the air on these terms to provide you with everything you need to know about […]

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Due Diligence of Appraisals, Reviews, & Environmentals

financial due diligence

If you were to search for quotes about diligence, you’d find a mountain of inspiration. For example, of diligence, Abigail Adams once said, “Learning is not obtained by chance; it must be sought for with ardor and diligence.” Likewise, Benjamin Franklin said, “Diligence is the mother of good luck.” William Penn had something to say […]

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Do You Know The Answers To These 5 Appraisal & Evaluation FAQ’s?

evaulation

When it comes to what a non-appraiser needs to know about appraisals and evaluations, there’s a lot of different opinions. Some say you should know EVERYTHING, some think you should leave it up to the appraisers to do their job. At MountainSeed we like to take the middle ground: Know the essentials so that you […]

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4 Things You Need to Know About Appraisal Exemptions

Appraisal Exemptions

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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Getting a Second Opinion — Why, How, & When You Should Get a Second Appraisal

second appraisal

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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6 Essential Appraisal Regulation Questions & How To Prep for Them

appraisal regulations 2018

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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What types of appraisals are there?

types of appraisals

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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