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let the mortgage professional select the appraiser: Many Mortgage Lenders are Seeking Appraiser Coordinators! - 01/28/09 11:50 PM
We have another sign that the current plan for reorginization of the appraisal process is coming our way is the help wanted ads. I noticed numerous jobs available for an "Appraiser Coordinator." These jobs are being offered by major lending institutions.
Many Mortgage Bankers and Banks are seeking a clerical person to handle vendor relations with appraisers. Some of the help wanted ads request a person mortgage experience, some with customer service experience and others none at all. I have not found one that seeks a Certified or Licensed appraiser to handle relations with his/her peers. I have not found one ad … (13 comments)

let the mortgage professional select the appraiser: FHA Property Guidelines Are Not Understood by Many Mortgage Originators! - 12/15/08 11:13 AM
I receive FHA appraisal orders from many different people and many different mortgage companies across the country. I know many times these Mortgage Professionals tell me they telephone interview a perspective borrower about their home and after I leave the home it is obvious they have no idea what questions to ask before ordering the FHA appraisal.
I am sometimes told "The house does not sound to be in the best condition," or a similar line. On many occasions the home is just slightly dated and meets all FHa conditions, the originator worried for no real reason and might have scared their … (35 comments)

let the mortgage professional select the appraiser: The Mortgage Professional Should Select the Appraiser! - 06/06/08 07:43 PM
Tomorrow morning I am going to perform an observation for an appraisal that was already completed. My second appraisal is in response to a first appraisal report which mentioned dirty carpet and floor coverings to be in overall below average condition due to dirty carpet.
I am told that a Real Estate salesperson asked specifically for a particular appraiser who performed an appraisal report within USPAP standards. The mortgage professional was not aware of any undesireable condition of the home until the report was received. Then the report did not include interior photographs, which were required by this lender. Appraiser did not … (9 comments)

 

James Graner

Saint Charles, MO

More about me…

Residential Services: http://appraisalmo.com

Address: 1245 Cunningham Ave, St Charles, MO, 63301

Office Phone: (636) 916-4325

Cell Phone: (314) 277-3336

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Things that I like to write about! This might include general real estate matters, sports, politics, mortgage business, or real estate appraisal.


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