Appraisals continue to be a source of concern. Real estate practitioners say valuations in many cases aren’t conducted by experienced appraisers who are familiar with the area, and as a result, valuations don’t consistently reflect market conditions. At the same time, practitioners are uncertain about the most appropriate way to engage with appraisers under new and evolving rules. The increasing involvement of appraisal management companies (AMCs), with their own rules and criteria, adds to the uncertainty.
To help practitioners take a fresh look at how to work with appraisers, Anna Ruotolo of RPM Mortgage will share her ideas from a lender’s perspective. Ruotolo will talk about:
- What questions to ask appraisers.
- What kind of information you should give them.
- What to do if you believe an appraisal is inaccurate.
For more information or to register, visit the REALTORMag website