As an appraisal management company, not only is important to make sure our clients are happy with our service, but it’s just as important that we make sure our client’s clients are happy with our service. With a network of over 6500 appraisers located throughout the entire United States, I’m sure you can imagine the magnitude of trying to manage such a service. A little over a year ago, after…
Many times, when we are called to handle appraisal management for a lender it’s because they are either A. not happy with their current appraisal management service or B. they are doing it in house but are struggling with managing the vendors and the process and therefore, they are not getting the results they need. When dealing with the latter of the two reasons, we understand the struggle. We have…
The National Association of Realtors (NAR) recently announced they believe the answer is yes. In an October 10th news release, NAR addressed this as a hurdle in the real estate market recovery. While 65% of realtors surveyed in September reported no issues with contracts regarding home appraisals in the prior 3 months, 11% reported a cancelled contract due to an appraised value lower than the contracted purchase price. While NAR…
Rumor has it increased appraisal fees are in our future. Since the HVCC and Dodd-Frank Act, this has been a controversial topic. Among the top issues that resulted:
As a nationwide appraisal management company, we have the benefit of working with multiple facets within the housing industry. We are hearing more and more that appraised values are coming in lower than what the bank and borrower estimated, resulting in a shattered would-be loan. Often times the finger will point to the appraiser as the one to blame for the low valuation, but let’s be honest…residential appraisers don’t create…
Is the real estate appraisal business in jeopardy of going extinct? With all of the changes over the last few years, including appraisal management companies, tighter lender guidelines and increased education requirements to receive appraiser certification, many in the industry believe the answer is yes. Many long-time appraisers have left the industry, leaving fewer qualified to apprentice incoming trainee appraisers. Many real estate appraisal management companies and lenders will not…
If you’re an active residential appraiser, you have likely run into the problems described in the Working RE Appraiser Rater: AMC Ratings by Appraisers. At Nationwide Appraisal Network, we pride ourselves on the great relationships we build with both our clients and appraisers. As a national appraisal management company, we work hard to streamline our process in order to achieve the best results. We not only pay great fees for…
As we delve into the world of sales by attending tradeshows, networking events with industry specific groups, and meeting people who work in all facets of our industry, we’ve started noticing a trend of how little people expect from appraisal management companies and the services they provide. One of the most common complaints we encounter is, “we can’t use you because we have to use whoever our lender tells us…
As a nationwide appraisal management company we have to stay ahead of the game so we just upgraded our vendor payroll process. Real estate appraisers now receive payment for completed orders on a rolling 21 day pay period. Appraisers can expect us to process appraisal payments for completed files within 21 days of completion getting checks in hand 7-10 days quicker than the previous pay schedule. This change has been…
Based on an article regarding applications for FHA Loans, good news if you provide FHA loans! The Federal Housing Administration (FHA) is offering a streamlined program to borrowers with loans endorsed before June 1, 2009 to pay reduced rates for upfront and annual insurance premiums. Principal and interest can be cut, or the borrower can refinance into a shorter-term loan. This has led to 102,640 refinance applications submitted to banks…
ABOUT NAN
At NAN, we believe in technology, communication and accountability. Everything we do is with the best interests of our customer in mind.
Days of operation: Monday – Friday
Hours of operation: 8:30AM – 9PM EST
Toll Free: 888.760.8899
Toll Free Fax: 888.765.8899
123 E Tarpon Ave
Tarpon Springs FL 34689
ERROR: 5 - Didn't receive 200 OK from remote server. (HTTP/1.1 400 Bad Request)