Appraisals Archive

Appraisal: A Candle Burnt at Both Ends

Refinancing soared in 2015 and 2016 as rates fell, while burgeoning home sales pushed over the five million sales mark and the TRID regulation was implemented. In this environment, anecdotes of delayed closing, difficulties getting appraisals and even “rush”...

2016 Survey of Mortgage Originators, Fourth Quarter

Anecdotes have increased in recent quarters that there is a growing shortage of appraisers.  55.6 percent of lenders who took part in the most recent Survey of Mortgage Originators indicated some level of issues getting appraisals.  However, 11.1 percent...

Survey of Mortgage Originators, Fourth Quarter 2016

This quarter marks the 13th Survey of Mortgage Originators in which lenders shared insights about current trends in lending. This survey covered lenders’ experiences in the 4th quarter of 2016 and included questions on shortages of appraisers and the...

Settlement Delays Edge Upward

Delays in the time-to-close, the time from when a listing goes under contract to settlement of the deal, rose for the second consecutive month. Delays are measured by comparing the time-to-close this year with the same time frame a...

Concern about Fast-Rising Prices, or Overworked Appraisers?

While the market seems to have made steady progress adjusting to the TILA/RESPA Integrated Disclosure (TRID) rules and TRID-induced delays,[1] a new contract-delaying culprit may be re-surfacing. In addition to flashing yellow lights on affordability as home prices continue...