In today's market, it is so important to work with Local Appraisers!!
At our last 2 Danville Empire Realty sales meetings, we have discussed the importance of working with local appraisers. Real estate is a local business, and just like a consumer would be wise to work with a local Realtor, it is key that Realtors choose to work with local appraisers.
I spoke to Marjo Shaffer, VP for RPM Mortgage, and one of Empire's preferred in-house lenders, and she said "RPM uses local and knowledgeable appraisers who are referred by RPM legacy list of appraisers. Our Realtor partners will be familiar with most of the appraisers. Most large banks are working with National Appraisal Management firms and their qualify of work and knowledge of the area in which they are appraising may not be very precise.:
Marjo goes onto say, "RPM will keep an open dialogue with the Realtor and the borrower if there are issues with the appraisal. RPM Appraisal Services will look at the appraisal report and offer an open discussion with the appraiser and the appraisal staff. Most lenders do not offer this service. Instead, they order a new report at the expense of the borrower or do nothing at all. Obviously, with this in mind, RPM Appraisal Services can greatly enhance the buyer's experience while going through a purchase transaction."
For more information, please contact us today!
posted by: Katie Lance, Marketing Manager, Empire Realty Associates
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