The Cost approach. What is it?

By | Appraisal Compliance, Borrowers | No Comments

The Cost approach. What is it? Another method an appraiser may use to develop an opinion of value is the cost approach. In a nutshell, it’s a breakdown of what the cost would be to rebuild the property today if it were destroyed – but it’s not that cut and dry. The term reproduction cost is used if an exact replica of the original property is produced. If a property…

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“I’ve decided to go with a new lender; can you change the name of the lender on my appraisal to reflect this?”

By | Appraisal Compliance, Borrowers | No Comments

One of the most common questions we hear from borrowers and even lenders is – the borrower switched lenders and we need the appraiser to change the lender name. Can the appraiser just switch it without having to do a new assignment? The answer is no. If the appraiser changes the name of the lender/client, the appraiser is no longer following the Scope of Work Rule as required by the…

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Faulty Appraisal? Here’s what you can do if you find errors or have concerns.

By | Appraisals, Real Estate | No Comments

You just had an appraisal done, but it seems to be flawed – what’s next? Well, for starters, you should contact your lender describing the error found and any factual support you have – a lender can’t do anything for you based on your own personal objection, so be sure to stick to the facts. Ask what the procedure is to address these concerns and how you can fix them….

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Invest Wisely: How to Increase Your Home Appraisal Value

By | Appraisals, Real Estate | No Comments

When it comes to increasing the value of your home, it’s critical to spend your hard-earned money in the right places. Not all home improvement upgrades and renovations will increase your home appraisal value. Well-meaning real estate agents, contractors, and HGTV hosts will tell you that remodeling your kitchen or bathroom can add thousands to the value of your home, but the real results will often surprise you. Whether you’re…

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Nationwide Appraisal Network Unveils Its Diamond Status Appraisal Program, Which Rewards the Best-Performing Appraisers in Florida and Atlanta, Ga

By | Press Release | No Comments

Oldsmar, Fla., June 26, 2018– Nationwide Appraisal Network (NAN), an innovative, women-owned, industry-leading appraisal management company with true national coverage, unveiled its Diamond Status Appraisal Program in Florida and Atlanta, Ga. It’s designed to reward the best performing appraisers in these markets, who will be paid in 10 days—compared with the industry average of 28-30 days. Over the next several months, NAN plans to introduce the Program in Philadelphia and Columbus,…

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Understanding the Purchase Market from an AMC Standpoint

By | Appraisals, Choosing an Appraisal Management Company | No Comments

The economy has been heating up for months. The job market is hot, and the unemployment rate is dropping fast in many places across the country. While home purchase applications are ahead of their 2017 pace as of March 2018, the housing supply constraints are continuing to hold back many buyers who are looking for an affordable entry-level or mid-tier home. The Mortgage Bankers Association (MBA) forecasts a five percent…

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Nationwide Appraisal Network Hires Sussman As Vice President of Sales

By | Uncategorized | No Comments

Nationwide Appraisal Network (NAN) announced today that it has named Steve Sussman Vice President of Sales. In that role, he will be responsible for increasing NAN’s market share as well as to ensure the needs of existing clients are met and their expectations are exceeded. “Steve has proven he can develop long-term relationships with clients and will take the necessary time to understand their challenges and offer solutions that eliminate…

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Increase Your Performance and Quality with AppraisalQPM

By | AppraisalQPM | No Comments

When it comes to appraisals, you want them done quickly and accurately. AppraisalQPM is a cutting-edge machine learning platform that helps lenders choose the best appraisal management company (AMC) for the job based on quality, reliability, turn times, performance cost, and score. Nationwide Appraisal Network (NAN) developed and launched the cloud-based application in 2016 with the help of Jim Cutillo, CEO of Theoris Software. Prior to AppraisalQPM, data and analytics…

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[img] House for Sale Hybrid Valuation Product

The Hybrid Appraisal Method: The New “It” Appraisal Method

By | Appraisals, Valuation | No Comments

The housing market across the United States is off to a strong start in 2018. As the snow starts to melt in the northern parts of the country, listing prices have begun their seasonal climb and have already reclaimed historic highs according to the February 2018 report from Realtor.com. Just three months into 2018, the housing market is already experiencing an inventory shortage for entry-level and mid-tier homes which means…

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Governor Rick Scott Appoints NAN Exec to the Florida Real Estate Appraisal Board (FREAB)

By | Appraisal Compliance | No Comments

Governor Rick Scott announced the appointment of Cristy Conolly, SVP of Compliance with Nationwide Appraisal Network to the Florida Real Estate Appraisal Board (FREAB)   TALLAHASSEE, Fla. – Governor Rick Scott announced the reappointment of one and the appointment of two to the Florida Real Estate Appraisal Board.  Janet Rabin, 60, of Fort Myers, is an appraisal analyst for DiTech Financial. She succeeds Matthew Simmons and is appointed for a term beginning…

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