FAQ By Bank Lenders & Mortgage Companies About Real Estate APPRAISALS


Product picture FAQ By Bank Lenders & Mortgage Companies About Real Estate APPRAISALS

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How To Close More Loans FASTER. Stop APPRAISAL Delays!


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This eReport Answers The Frequently Asked Questions From Bank Lenders And Mortgage Companies Who Order And Process Real Estate Appraisals For both Commercial And Residential Loans.


It Contains Information For You To:



1. Learn How You Can Close More Loans FASTER and Stop Unnecessary Appraisal Delays!

2. Know The Federal Appraisal Regulations OR Pay The Consequences.

3. Understand Why The 11 New Required Fannie Mae Forms That Were Announced on March 24, 2005 Are Much More To Your Advantage Than The Old Ones.

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The "Appraisal Education Seminar" that was held on Wednesday, April 20, 2005 in Inglewood, California (Located in Los Angeles County) was to benefit Bank Lenders, Mortgage Companies, Government Agencies, Attorneys, Private Investors, CPA's and others who order and process Real Estate Appraisals so they can completely understand the appraisal process and have all of their questions answered.

The seminar was sponsored and hosted by Appraisers in the Los Angeles County area. The speakers included a former National President of the National Association of Master Appraisers, a Master Senior Appraiser (MSA) who is one of the 26 trustees of the Appraisal Foundation (The Appraisal Foundation is the organization that sets the standards and qualifications for over 17,000 licensed appraisers in the state of California.), a member of the American Society of Appraisers, a member of the Accredited Appraisal Review Counsel and other highly experienced licensed Commercial and Residential Appraisers.

The speakers informed the audience about what so many Appraisers are doing now with the amazing new developments in today's technology and gave the audience suggestions on what they can do to speed up the Appraisal process. As it was explained to them, by simply reducing the turn around time and still maintaining complete accuracy, Bank Lenders and Mortgage Companies can close more loans faster, prevent unnecessary appraisal delays and stop underwriting roadblocks so they can put more commission money in their pockets-----FASTER.

There are several things that you can do as a real estate Lender to avoid unnecessary Appraisal delays. Not only would you be able to close more loans faster, but everybody else in the loan process would benefit greatly, especially the borrower. Like in every other business, "Time is Money". When you lose time, you are losing money.

It was one of the hottest topics at the seminar with the most interest. Some of the Appraisers' best suggestions are included in this eReport.

Also, this eReport answers the Frequently Asked Questions about the Appraisal Regulations for federally regulated financial institutions.

Attention Lenders and Appraisers: On March 24, 2005 Fannie Mae announced the release of eleven (11) new and revised final appraisal report forms that are required for appraisals performed on and after November 1, 2005. Lenders and Appraisers need to become familiar with these forms. This eReport tells you why Fannie Mae is requiring these new forms, and why the new forms are actually to your benefit.


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Keywords: real estate
File Size: 296 KBytes

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