st louis appraiser: Borrowers Feel Hurt by New FHA Appraisal Requirements! - 01/30/09 09:34 PM
After talking to several mortgage professionals within the past few weeks, I am convinced that the result of the new appraisal requirements for cash out refinance transactions means less overall appraisal orders.
How can a new underwriting guideline that requires more appraisals cause less appraisal orders? Well now mortgage originators must either consider the cost of paying for two appraisals when accepting a high loan to value ratio cash out mortgage application or bill the borrower for two appraisal reports. That is expensive and a gamble with alot of money in fees. FHA appraisal fees are typically higher than the conventional … (3 comments)
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st louis appraiser: Blogging on ActiveRain Real Estate Network has Helped My Search Engine Rankings - 01/03/09 02:03 PM
I am amazed at how much help ActiveRain has been to my Website visablity. Appraisalmo.com used to hardly show up anywhere on any of the sites. There has been a wonderful increase in the ratings of this website, since joining ActiveRain.
I Blogged about some things revelant to my practice, I built up my ActiveRain point total to be the top professional in my city. I am way behind the top leader in my county and state, however I am the featured appraiser in my state. These things alone appear to be helpful.
I read on ActiveRain about SEO optimization. I still … (36 comments)
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st louis appraiser: Is Working All The time Making You Grumpy? - 06/29/08 01:55 PM
I see many Mortgage and Real Estate Professionals always "Self marketing" and looking for their next deal with their social affairs. Most notably on the children's sports events. My understanding is that some larger churches have such professionals as well.
While these professions require such a work ethic, does it make people grumpy? I often wonder when I talk with an agent that is rude or short with me. Did they do anything to relax? Do they have people that they do not talk business with, just personal events, sports or family? Does their family feel loved by them?
Some people … (20 comments)
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