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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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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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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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 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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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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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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There are three scenarios when a financial institution is ready to hire an AMC: The team is energized at the prospect of handing off some of the internal appraisal management, nervous about the idea of opening the doors to a new entity, or the team is experiencing a little bit of both. We get it […]
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The Dodd Frank regulations created and adopted after the financial crisis of 2008 have finally started to roll back, thanks to the new reforms approved just this year. With the early feedback that the community banking sector will be most affected by the regulation changes, we talked with Roger Shumway, Executive Vice President & Chief […]
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