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Everyone wants things to be done right the first time. With home appraisals, there are often items that come up, which could have been avoided had the borrower been educated beforehand. This often leads to a final inspection that will cost additional time and money. We spoke with some appraisers and asked them for a…

We are amid some of the biggest tradeshows of the year, and tech is on the tip of everyone’s tongue. Think about this year’s Digital Mortgage and MBA conferences; the takeaway was clear: Innovate or be left behind. Some great tools mortgage companies should look to can be found on the 2018 HousingWire’s Tech 100….

As we enter the tenth anniversary of the housing crisis, it is important to remind ourselves how far we have really come. Times were hard, and I doubt anyone reading this needs a history lesson on those tumultuous times. Every facet of our industry was left with their scars. But we survived. We adapted. As the…

Effective this month, Fannie Mae has made some significant changes to their Selling Guide – the one that interests Class Appraisal most is the removal of the 1004MC requirement in all 1-4 family reports for FNMA lenders. This importance of this addendum should not be overlooked, and many questions surround this sudden annulment. The first…

This month in Chicago, nearly 30 organizations banded together to announce their collaborated effort to spread awareness of the many diverse career paths available in the real-estate industry. Among them was the Appraisal Institute, who also posted an article about the event here. The collection of real-estate groups together represents over 10 million different possible career…

As we wind down from another celebration of our country’s independence and the history of the United States this fourth of July, we here at Class Appraisal thought it was a good time to reflect on another history; that of the Real Estate Appraiser. In a 2003 article from the Appraisal Journal titled, The academic…

As a trusted, nationwide Appraisal Management Company, Class Appraisal is well aware of the alternatives to determining a value; not just the approach an appraiser may use, but also whether to use an appraisal in the traditional sense of the word.   BPO’s, AVM’s or desktop valuation models – you may be familiar with one…

There’s a type of development that is becoming more and more common across the country. One that causes confusion in lenders as well as appraisers. A property type that transcends the norms and established boundaries of what we think of Single Family Residences (SFR). I’m talking, of course, about the Site Condo. The origin of…

Appraisal management company reviews are surprisingly hard to come by. A quick search on Google brings up appraiser blogs, appraisal forums and appraisal management company employee reviews. But there’s no company or website dedicated to customer reviews of AMCs.   While we can’t provide you with customer reviews from other companies, we can let you…

We all know that appraisals  are very important when buying a home. So many loan types. So many appraisal forms. It can be information overload. We’re always here to help! Let us explain the difference between a 203K FHA Loan and a  Renovation Loan. VIEW NOW

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