Article: Prompt Action Safeguards Loan Closings
2020 has brought unprecedented change to the world due to the coronavirus pandemic, which prompted new temporary guidelines for appraisal.
Author: Lon Bollenbacher
Manufactured Home Lender Case Study
A large, nationwide manufactured home lender was having challenges with different AMCs adapting to the unique needs and requirements of manufactured home and modular home appraisals.
Wealth Management Bank Case Study
Dart had been working with a large wealth management bank for their second mortgage appraisals, and with one of their branch offices for new construction appraisals. The bank outsourced their first mortgages to a third-party lender and nationwide AMC.
Restricted Commercial Appraisal
A Bank was concerned about a non-performing commercial asset but did not want to incur a large cost for a new commercial appraisal. They had an older commercial appraisal in hand but were worried that the subject market had changed and therefore the market value conclusion may no longer be relevant. The Bank contacted Dart Appraisal to learn what options were available.
Credit Union Technical Review Case Study
A credit union with a lending footprint in mostly rural areas was loaning on a small, but unique property type, in a town hundreds of miles from any metro area. The credit union ordered an appraisal report from a local appraiser. However, the commercial lending executive was unsure if the appraisal met required guidelines. Dart Appraisal was contacted by the credit union to perform a review of the commercial appraisal report.
Staff Appraisers Job Position
Dart Appraisal is looking to fill positions for Staff Field Appraisers in the areas listed below. These positions are full-time, W2 positions, and are eligible for all benefits provided to our full-time employees.
Calculating Building Size (GLA vs GBA)
Dart Appraisal’s experienced appraisal review team routinely reviews a variety of unique commercial and residential appraisal reports. The licensed appraisal review team, with over 20 years’ experience, have seen appraisals on almost every property type.
Changes to FHA Appraisal Policy
Dart Appraisal President, Michael Dresden attended the Mortgage Bankers Associations 2018 Annual Conference in Washington, DC where Brian Montgomery, FHA commissioner discussed reverse mortgages changes and stated FHA is seeing some things in forward FHA appraisals
Dart Appraisal Discusses Appraisal Changes On Reverse Mortgages
The Federal Housing Administration, FHA, announced effective 10/1/2018 they will require a second appraisal on select reverse mortgage loans that are flagged by the agency as having the potential for an inflated property valuation.
Features & Impact on Commercial Appraisals
Dart Appraisal offers insight clients may find useful. This includes a list of important characteristics to note, as well as potential situations, and the impact they may have on the valuation of a commercial property. We will discuss things one may see when either viewing commercial property directly, or in photographs depicted in an appraisal report.