Combatting appraisal bias has been a federal government priority since the 2021 announcement of the Interagency Task Force on Property Appraisal and Valuation Equity (“PAVE”). As part of the PAVE ...
Short-term rentals behave like operating businesses, not long-term rentals. Here’s why Form 1007 fails STR lending and how lenders can reduce DSCR risk ...
The U.S. appraisal industry faces a shrinking workforce, regulatory changes and new tech requirements, impacting housing and lending.
Question: As a lender, we use an AMC to order appraisals. If the appraisal that is done comes in at, what is, in our opinion, an extremely low value, can we order and pay for a new appraisal through a ...
Dear Monty: I recently applied for a refinance loan. The bank sent an appraiser from more than 30 miles away and their report ...
Project appraisal is the systematic and objective process of assessing a project to provide an informed judgment about its worth or merit. It is a crucial component of project management that uses ...
No-appraisal home equity loans can be processed faster than those that require an in-person assessment.
Over the past year and a half, I’ve seen unprecedented market activity that has led to buyers taking more and more risks to stay competitive when making an offer on a home. Waiving the appraisal ...
A home equity line of credit (HELOC) has traditionally been a cost-effective way to borrow money. With the home in question serving as collateral, borrowers tend to be offered lower interest rates ...