Metro-West Appraisal Announces New Alternative Appraisal Field Work Solutions

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.

About the author

NationalMortgageProfessional.com

Link copied

Published

May 25, 2019

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....

Analysis and Data

Home Loan Applications See 2.7% Drop

The MBA's weekly mortgage applications survey shows decline in last week's application volume

Low inventory and high mortgage rates have taken their toll on prospective homebuyers, if the latest drop in new mortgage applications is any indication. The Mortgage Bankers Association’s (MBA) weekly mortgage applications survey showed a 2.7% decrease in mortgage applic...