Sentences with phrase «not licensed appraisers»

BPOs are often used by lenders and mortgage companies to avoid the expense or delay of an appraisal and are often completed by real estate professionals and not licensed appraisers.

Not exact matches

Owning the technology also means Real Matters doesn't pay licensing fees and can pass on the savings to the appraisers and inspectors in its network.

As a government - insured non-recourse loan, a reverse mortgage will not require repayment of more than the fair - market value of the home as determined by a licensed FHA - certified appraiser.

By law, mortgage companies can not complete their own appraisals so many hire an appraisal management company (AMC) to handle the work which, in turn, gives the work to a licensed professional appraiser.

If you do not already have the contact information for a fully licensed home appraiser in the city of Ajax, we can put you in touch with one of our numerous contacts.

Appraised value is determined by a licensed real estate appraiser and is used primarily for determining whether or not a mortgage should be issued and for what amount.

(4) Appraisal fees paid to persons licensed under the provisions of the Alabama Real Estate Appraisers Act, whether or not the appraiser is employed by or otherwise related to the creditor; and

Just a thought... but if the former funeral home industry head honcho can step into the head honcho position with RECO, why can't someone who has a university degree (Politics), forty years combined experience as a new home builder, licensed tradesman, conciliator with TARION New Home Warranty Corp., Real Estate appraiser affiliated with the Appraisal Institute of Canada, and last, but not least, a Realtor, run that joint from a perspective of applied practical experience, someone like... me?

(a) Every REALTOR ® of the Board who is a REALTOR ® principal, every REALTOR ® principal who participates in a Board's MLS where they do not hold Board membership and every nonmember broker or licensed or certified appraiser who is a Participant in the Board's MLS shall have the right to invoke the Board's arbitration facilities in any dispute arising out of the real estate business with a REALTOR ® principal in another real estate firm or with that firm (or both), or nonmember broker / appraiser or their firm (or both) who is a Participant in the Board's MLS.

My combined knowledge is gained from experience acquired thus: New home Builder in my father's business Licensed tradesman Conciliator - Inspector: Tarion New Home Warranty Corp. (Ontario) National warranty adjuster, PAFCO Insurance Real Estate Appraiser affiliated with / member of Appraisal Institute of Canada Realtor, paying member of CREA University degree: Political Science Not bragging, just exposing the truth about what «should» constitute where «combined knowledge» might flow from.

o Fact: Regardless of whether an AMC is used, lenders are not permitted to influence the value of a home, and licensed and certified appraisers are required by law to follow strict guidelines (i.e. the Uniform Standards of Professional Appraisal Practice) that guarantee an unbiased and meaningful analysis of value.

By law, mortgage companies can not complete their own appraisals so many hire an appraisal management company (AMC) to handle the work which, in turn, gives the work to a licensed professional appraiser.

You won't need a college degree to start in on this business idea, but you'll need bankable appraiser credentials (including relevant training and professional licenses), strong knowledge of the sector, and a growing network of industry players including mortgage brokers, real estate agents, banks, and fellow appraisers that'll want to utilize your services.

«For commercial real estate transactions with a value at or below the proposed threshold, the amended rule would require institutions to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices if the institution does not obtain an appraisal by a state certified or licensed appraiser.»

Ms. Brown is also an appraiser, providing appraisals on behalf of Pricepoint Appraisal Services Ltd., a company which is not licensed under RESA.

Therefore, many appraisers provide their services under this exemption and are not licensed under RESA.

A state certified appraiser or a state licensed appraiser may not be excluded from consideration for an assignment for a federally related transaction solely by virtue of membership or lack of membership in any particular appraisal organization.