Giant mortgage investor Freddie Mac plans to dispense
with traditional appraisals on some loan applications for home purchases, replacing them with an alternative valuation system that would be free to both lenders and borrowers.
Not exact matches
These lenders also offer the ease of online filing, often without having to pay stiff
appraisal fees that you might incur
with a
traditional walk - in bank.
The volume offers a detail - orientated
appraisal of inventive structures and their novel take on
traditional Swiss materials and techniques, combined
with an experimental approach to proportion and volume.
Speaking
with Hays, Charmi Patel, Associate Professor in International Human Resource Management at Henley Business School, told us that «there has been a massive change from
traditional performance
appraisal systems to new strategic performance management.»
While NAR is pleases
with the GSEs requirement of 80 percent loan to value and limitation on the types of properties that can be financed without a
traditional appraisal, there are still questions on the full applicability of the program and borrower requirements.
Because Montegra has no loan committees or chief credit officers and minimal red tape, we are able to respond to most requests
with a definitive answer within 24 hours (subject to receiving
appraisal confirmation of the property's value) and to close on acquisition loans within 30 days (compared to the months that
traditional lenders typically require).