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One of the (many) questions on appraisers' minds is how to practice good risk management during these unique and somewhat volatile circumstances.
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The advantage of working in a larger office, with a mix of experienced and inexperienced appraisers, is that the experienced appraisers or office managers can provide the institutional memories necessary to handle the situations we are facing.
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“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ★★★★★ “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt OREP/WRE Coronavirus Appraiser Blog Coronavirus Appraiser Survey >> New Survey: Appraiser Coronavirus Survey Part 2: What’s Changed? Have You Reviewed these Sales? (Part 2) Handling…
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"Instead of looking at the subject inspection as only 'data gathering,' the inspection of the collateral being appraised is actually one of the most important parts of the valuation."
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Due to the extraordinary time we are in, with Covid-19 and significant job losses, or even the simple disruption of our daily lives, lending is changing and adapting, as it should.
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"Many of the appraisers on our panel are taking this very seriously. Some of them have hazmat type suits, full headgear, gloves, and a few even have shields."
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“One of the best courses that I have had in 17 years!” -Amy H > Become an OREP Member: Enjoy 14 Hours FREE CE >> Editor’s Note: To help you stay up-to-date and connected, OREP/Working RE has established a Coronavirus (COVID-19) Discussion and Resource Page where you can share your thoughts, experiences, advice and…
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"Fees for exterior only appraisals with enhanced assignment conditions or a desktop appraisal will remain the same as an interior appraisal."
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