appraisalnation.com
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As one of the premier mortgage service providers in America for real estate valuations we work with over 26,000 appraisers, 1,400 national lenders, and over 6,000 independent mortgage brokers as we perform 150,000 residential and commercial appraisals annually across all 3,143 counties in America. These were for non-GSE loans and in September of 2019 HousingWire reported these waivers represented 750,000 residential loans in 2017; the updated threshold based on based on that 2017 data would have added an additional 214,000 appraisal waivers. In addition to the conventional demand the rapidly growing demand from private capital investors acquiring residential assets through Private Lenders, REITS, Family Funds, Institutions and more has surged. Further, these private lenders who fund investors with fix&flip loans, rental loans, refi’s, bridge loans and more have seen a dramatic boom in recent years with the emergence of a secondary market.
Combine this pandemic with the refinance volume surge and our industry will continue to experience appraisal inspection delays, report delivery delays, and overall extended turn-times. Lenders/clients will screen borrowers/owners and/or agents prior to placing orders with Appraisal Nation. This conversation will also provide the borrower/owner and/or agent with the opportunity to ask the lender questions or to assure them that appraisers will not inspect the property while ill. At this time, they will let the borrower/owner and/or agent know that appraisers may be wearing gloves, a mask, not shaking hands, etc.
Lenders/clients will screen borrowers/owners and/or agents prior to placing orders with Appraisal Nation. Lenderss/clients will have a conversation with the borrower/owner and/or agent about COVID-19 to identify any risk of infection. This conversation will also provide the borrower/owner and/or agent with the opportunity to ask the lender questions or to assure them that appraisers will not inspect the property while ill. At this time, they will let the borrower/owner and/or agent know that appraisers may be wearing gloves, a mask, not shaking hands, etc.
Our team is heading to Fort Lauderdale, FL 3/15-3/16 to exhibit at the 51st National Private Lending Conference put on by the Pitbull Conference group. 3/19 we will head to Charlotte to exhibit at the Carolinas’ largest event for mortgage originators, The Carolinas Connect Mortgage Expo. Our team will be joining over 2,500 mortgage professionals in sunny San Diego for three days of education, strategy, and sharing to help you maximize your Encompass investment. 3/23-3/25 we will be set up with a booth along with demonstrations showing how easy it is to be integrated with Appraisal Nation through Ellie Mae and how to utilize our services.