Today’s highly regulated, and ever-changing, mortgage environment has created added complexities to appraisal reviews – leading to longer turn-times and delayed closings.
After last year’s record loan numbers, many mortgage lenders and AMCs felt the crunch that such large volumes can have on their current processes – especially with real estate appraisals.
As the mortgage industry continues to see unprecedented demand, the need for instant visibility over one’s processes has become essential in order to help manage these larger loan volumes.
Commercial real estate appraisals are often complex, requiring patience and sound due diligence throughout the actual valuation and the important processes that follow.
No matter what changes occur in the real estate valuation industry, remaining compliant is always at the forefront of every business, as one mis-step can have catastrophic consequences.