Rejected appraisals can cost lenders and appraisal management companies several millions of dollars per year.
While manufactured housing can be an attractive option for homeowners, it comes with some extra work for appraisers, as well as the general loan process.
The Appraisal Institute has announced it will team up with RESNET to deliver educational material for real estate appraisers.
Americans are flipping more homes than they have in the last 10 years, and making more money from them as well.
The Consumer Financial Protection Bureau announced March 2 that a new mortgage application process would add new areas to what it considers "rural."
While previous reports were based on limited data, it appears TRID is having a measurable effect on mortgage lending, and the real estate market in general.
It's essential to know a few of the biggest factors in real estate valuation, especially those that may not be so obvious.