Metro-West Appraisal Announces New Alternative Appraisal Field Work Solutions

NationalMortgageProfessional.com

May 25, 2019

Metro-West Appraisal has announced a plan to position the company as a one-stop-shop to help Appraisal Management Companies (AMCs) stand up hybrid appraisal products across more than 80 major metro markets.

“We have the expertise and the right team to do the heavy lifting in these alternative valuation situations,” said Brandon Boudreau, COO of Metro-West. “Not only are our prices sustainable, but our management team is there to support the process as the field adapts.”

This plan is being launched on the heels of a number of new services and processes that are gaining in popularity in the marketplace, providing clients with alternatives to the typical appraisal process.

The government-sponsored enterprises (GSEs) have come out with new forms that bifurcate the appraisal process, known as property data collection and 1004Ps. These processes create more affordable and effective evaluations, but many AMCs struggle to find appraisers who will conduct the field work for these alternative solutions due to lack of training.

Link copied

Published

May 25, 2019

Sales and Marketing

Emmy-Winning Director Takes Viewers Inside the World of Mortgage Originators in 'LO Confidential'

New reality series offers a glimpse of the mortgage industry's challenges.

Ever wonder what it's like to work on commission in a down market? Emmy-award winning director Kirby Bradley tries to give you a taste with "LO Confidential."  It's a new reality show released this week on YouTube that follows three loan originators in three Fairway In...

Analysis and Data

Pending Home Sales Decline By 1.5% In October

Rising mortgage rates and limited inventory cast a shadow on real estate market.

Pending home sales dropped 1.5% in October, according to the National Association of Realtors (NAR). It marks a concerning trend for the housing market and reveals a challenging landscape for potential buyers and sellers, influenced by factors such as rising mortgage rates a...