‘Lending’ Posts

 

Can I solicit a listing during my appraisal?

Read full article  | Comments Off

I was recently part of a discussion where an appraiser asked the group: I am an appraiser as well as a real estate sales agent. After I complete inspecting a property for an appraisal assignment and before leaving the property, can I then solicit the owner about the prospect of being his listing agent or […]

Read More

TRID v Customary and Reasonable Fees

Read full article  | 2 Comments

This past week, I had the opportunity to discuss TRID with appraisers, lenders, and AMCs when I attended and spoke at the Appraisal Summit and Expo (http://www.appraisalsummit.net). Clearly, there are misunderstandings of this lender disclosure rule. A few basics about the TRID rule (TILA RESPA Integrated Disclosure): The lender must disclose the appraisal fee to […]

Read More

Appraisal Issues: Handling Unacceptable Instructions from Your Client

Read full article  | No Comments

This article was originally printed in the April 2014 edition of Appraisal Today, “Handling “instructions” to not make time (market conditions) adjustments without losing your client”   by Joshua Walitt     A few months ago, I posted to my blog several sample “instructions” I received from lenders, one of them telling me to remove a […]

Read More

AMC Appraisal Fees and Disclosure- Joshua Walitt

Read full article  | No Comments

The proposed AMC Rules from the Agencies are out in draft form.  Coalitions, industry organizations, and groups of appraisers are examining these and other Rules.  There is discussion amongst appraiser groups and other industry participants like never before.  It’s a great time to make your voice heard and to hear what others have to say! […]

Read More

How to create an Appraisal Report: Following Instructions

Read full article  | 1 Comment

I normally get very few revision requests, and usually for minor items. I’m not saying this to pat myself on the back, but to explain how surprised I was a few weeks ago when I received two revision requests in the same week. And they weren’t just any type of revision request: they were the […]

Read More