What is an FNMA 2055 appraisal?
Thursday, August 09
 In some cases, underwriting guidelines require appraisal reports that do not include an interior inspection. When that happens, appraisers typically complete an FNMA 2055. These appraisals are better known as an exterior-only appraisal, and referred to in the industry as “drive-by appraisals.” W...
How to handle large quantities and unusual appraisals
Thursday, July 26
One of the characteristics of being a top appraisal management company is being able to service all banks and credit unions, big or small. When we thought of reaching out to speak with a local bank about their experience of selecting an AMC, we looked no further than First National Bank of Ameri...
Appraisal update vs. a recertification of value?
Thursday, July 26
It’s no secret that some real estate appraisal terminology can be a bit confusing. Between USPAP standards and ever-changing laws and regulations, you can sometimes be left scratching your head. As one of the top appraisal management companies, we like to make sure we’re answering all of your in...
CRE Lending with GESA Federal Credit Union
Thursday, July 26
As credit unions become more involved in commercial lending, we knew we had to speak with Ben Rutledge, VP of Commercial Services at GESA Federal Credit Union to see how he started their CRE program. Over the past nine years, he’s grown the department to 23 employees who manage roughly $300 mill...
Keeping independence intact at your bank or credit union
Thursday, July 12
 Appraisal independence is a huge part of regulatory compliance for banks and credit unions, and it’s one of the first things your regulator will look for during any review. If we drill down to a definition, independence means that a real estate appraiser must be left alone to develop their own v...
Meeting regulations & exceeding appraisal standards with CNB
Thursday, July 12
 Citizens National Bank (CNB) is a $1.4 Billion dollar bank located in Mississippi with 26 branches. They manage a 900 million dollar loan portfolio. CNB is a community bank that specializes in all types of lending. After 130 years of family ownership, they know the Mississippi market inside and ...