Process or Checklist: The Nitty Gritty of an Appraisal Review
Thursday, September 06
While historically banks focused just on the appraisal, in the past decade, the appraisal review has become a more significant part of the appraisal process. At its core, an appraisal review is used to investigate, analyze, and verify the logic and procedures of an appraisal. Not only does a revi...
5 Ways AI is impacting financial technology
Thursday, August 23
Long gone are the days when Artificial Intelligence (AI) was a thing of Science Fiction movies and television shows. Today, AI aids with day-to-day activities including everything from decision making to speech recognition. In fact, chances are you know someone – maybe even yourself – who has th...
Who is responsible for appraisal fees? — it pays to know
Thursday, August 23
Whether you are the borrower, appraiser, lender, or the AMC—it pays to know just who is responsible for appraisal fees in real estate transactions. Because there are so many parties involved, it’s not always intuitive and many times not all of the parties involved in the transaction are on the s...
The 411 on the ECOA regulations
Thursday, August 23
While the Equal Credit Opportunities Act and the compliance guidelines associated with them aren’t exactly new rules (they were implemented in 2013), we have a feeling navigating them is a little tricky. Let’s start with a short history lesson: ECOA was originally implemented in 1974 to prohibit...
How accessibility changed the appraisal game for City National Bank
Thursday, August 09
Christina Pocrnich of City National Bank wears a lot of hats. As the point of contact for all CRE loans for over 25 lenders and 86 branches across 5 states, Christina has many responsibilities. In addition to being a point person, Christina also holds the titles of VP, Appraisal Manager, and Cre...
How to terminate a relationship with a property appraiser
Thursday, August 09
There’s a reason why sayings like “there’s no such thing as the right time” exist, and that’s because they’re true. While there really isn’t a good time to terminate a relationship with a property appraiser. It is even more difficult to report them to the appropriate state agency. We get it; it...