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| Why use AppraiserLoft for my Real Estate Appraisals? | In The News |
| AppraiserLoft is a nationwide real estate appraisal management company providing valuation services targeted towards the mortgage lending, servicing, and insurance industries. AppraiserLoft sets itself apart from all other national firms with its communications technology and software platform which allows for the fastest placement and completion of real estate appraisals in the nation. Try AppraiserLoft and have immediate access to the fastest, most reliable, residential real estate appraisal services available. |
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Nationwide Coverage! Yes, we cover all 50 states. | Fast turnaround, usually 48-72 hours (most areas)! |
Guaranteed Quality! | Sales Comparables completed same day. |
FHA Licensed in all 50 States. | Staff available 7 days a week. |
Secure 24/7 on-line system to order, track, and receive your appraisals. | Status emails and daily summary reports sent to keep you well informed. |
Payment for COD orders accepted by cashier's check, money order or credit card. | |
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What is an appraisal management company?
An appraisal management company (AMC) is a business entity that administers a network of certified and licensed appraisers to fulfill real estate appraisal assignments on behalf of mortgage lending institutions, as well as other entities. The AMC recruits, qualifies, verifies licensing, and negotiates fees and service level expectations with a network of third-party appraisers. It also provides administrative duties like order entry and assignment, tracking and status updates, pre-delivery quality control, and preliminary and hard copy report delivery. Furthermore, it involves ongoing quality control, accounts payable and receivable, market value dispute resolution, warranty administration, and record retention.
An appraisal management company, therefore, is an outsourcing solution that is usually paid by a lender-client to act on the lender/client's behalf to engage real estate appraisers and to perform the administrative functions involved in the appraisal ordering, tracking, and delivery process.
In its essence, appraisal management is the act of managing a panel of fee appraisers and performing the administrative elements needed to process and fulfill individual appraisal assignments. Order in, order through, order out.
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Real Estate Appraisals
Performing a real estate appraisal is the act or process of developing an opinion of value. A real estate appraisal provides an answer to a client's specific question about the value of a real property interest. A significant point to keep in mind is that appraisers do not create or establish value because only market participants, through their interaction, establish value. Value is never a fact; it is always an opinion. An appraiser's opinion of value reflects what market participants believe to be the value of a property.
The objective of a real property appraisal is to develop an opinion of the defined value of an interest in real estate. According to the Uniform Standards of Professional Appraisal Practice (USPAP), value is the monetary relationship between properties and those who buy, sell, or use those properties. The appraisal objective is to develop some type of value- market value, use value, investment value, etc. The objective of most appraisal assignments is market value. For more information on real estate appraisals, please visit our Learning Center.
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Reverse Mortgage Appraisal
AppraiserLoft.com is the nation's premier appraisal management company for reverse mortgage (HECM) appraisals. We understand that your senior borrower may have an urgent need for their reverse mortgage and therefore we do our best to expedite every order and maintain quick turn times. We also understand your seniors' needs and train our staff to communicate effectively so getting an appraisal is a smooth and reliable process. AppraiserLoft is able to customize our order platform for your organization and mold to the workflow of your company, and not the other way around. Speak with one of our Account Managers today for more information. Call us at (877) 229-7799.
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What is a Real Estate Appraiser?
Real Estate Appraisers are problem solvers. Real estate appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data, and develop opinions of value. Each real estate appraisal assignment challenges the appraiser's ability to put analytical skills into practice, exercise sound judgment, and communicate effectively with people.
A real estate appraiser must possess strong communication, investigative, and analytical skills. It is essential that real estate appraisers are able to communicate their findings in an orderly, logical, and grammatically correct manner. Clear communication is a sign of clear thinking, and sound, considered judgment.
Good real estate appraisers are good detectives. They are naturally inquisitive enjoy knowing where and how to obtain information. A real estate appraiser must be sensitive to new trends and developments in the community and be aware of the countless ways in which data can be misleading. Real estate appraisers must also be open-minded. Market value, which the appraiser seeks to estimate, is shaped by the needs, desires, and motivations of market participants, which may not conform to the real estate appraiser's personal preferences.
AppraiserLoft appraisers are held to the highest industry standards. They work diligently to meet all deadlines and abide by USPAP and the law.
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(877) 229-7799
