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The GSE's implemented new formatting for real estate appraiser in Sept. 2011. The new formatting provides the ability of the GSE's to import the appraisal report into a computer model and run analytics on the information. The report can be compared to other reports in the market area to verify reasonableness of the adjustments and opinion of value based on the feature set and quality/condition ratings. This ability to review and quantify prior to loan funding has opened the appraisal ordering process back to traditional practice. Yes, the HVCC has expired and a loan officer/home owner can order an appraisal for purchase or refi. However, make sure you choose … (0 comments)
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