Appraisal Articles

Can you believe it? ...

For me this holiday season has proved to be very special. I thought for sure our appraisal company was going to get a lull in appraisal work because 1) due to our increased fees for the new forms and 2) of the general confusion regarding the new forms. But thankfully, none of these things have happened.

For this I am very thankful. I thought for sure that lenders and borrowers would start complaining and then eventually silence, i.e. no phones, no faxes.

But in reality, we are busier than ever. Most of our lenders were pleased that we took the time to explain the forms to them. Most homeowners have been happy to see how much work is going into their appraisal to protect them.

For the lenders, we put copies of the new blank forms on our website for them to download. In short , not one single person, lender or homeowner, has complained or not ordered, and most are ordering away, business as usual.

Can you believe it? ...

But by no means has the transition been easy for appraisers, so far the only new form we have not done is the co-op. Thank goodness we took Darrell Hignite’s class on the new forms! The lenders have so readily embraced all the new forms, that they are ordering them up like nothing happened. They basically said to us, “If that is the form you think I need, send it to me... If that is what it costs, send it to me…”

We were caught so flatfooted thinking it would be slow, that I had to revamp my thinking just to keep up. Several times this week we have had to quote really high on stuff, just to not get the orders! Who would have thought that would happen?

My only hope is that other appraisers have had the same reaction. I hope you have a pile of appraisals on your desk waiting to be done. And I hope that this transition to the new forms has not been difficult for you...

May your holidays be merry, your health excellent, and your fax full of orders!

Please send comments or suggestions to me at amanda@creeksidera.com

Let me know about those New Year’s Resolutions…

Hello to 2006...

Amanda Rivera