Margin challenged environment: The Chief Appraiser’s role
How are your technology partners treating you in this margin challenged environment? Are they making your life easier or annoying you? Are you done? Strike 3? Time to change? When banks face shrinking interest margins, every role within the institution, especially that of the Chief Appraiser, should not just look at the “what” and the […]
The Journey to Mastery: The Chief Appraiser’s Path
What makes a Chief Appraiser great? Mastery and success don’t come from the monumental moments but from the diligent, everyday tasks. The path to greatness is paved by consistent effort, patience and commitment. Joshua Medcalf’s Chop Wood Carry Water highlights the goal of how to fall in love with the process of becoming great. The […]
What’s the Deal with Details
Job Manager: “So, can you give me some details about this property? Loan Officer: “Sure, it’s a… building. Maybe brick? Definitely has windows.” I tease but many loan officers see details as an inconvenience. Maybe they’re playing a game, trying to see if the appraiser can guess the rest. Sort of like charades but less […]
Help banks make more loans with confidence
The appraisal department is a pivotal player that can bridge the gap between sound collateral protection and lenders making more loans safely. What if there was a way to harmonize these two seemingly divergent objectives? Let’s find a way. Now, imagine if our appraisal department could wear both hats effectively. Beyond just assessing value, what […]
Digital Lag in Banking: Overlooking the Appraisal Department
The term “digital transformation” has been a buzzword in the banking sector for quite some time. While the industry has largely embraced technology, particularly in areas such as lending and fintech, there is one sector that often gets overlooked: the appraisal department. This is surprising given the significant role appraisals play in real estate and […]
Appraisal Department More Than Just Necessary
A Chief Appraiser friend of mine sometimes laments that the C-suite and lenders perceived him as a regulatory hurdle to overcome rather than a valuable resource. But, he and his team were determined to change that perception. Seth Godin’s book, Purple Cow: Transform Your Business by Being Remarkable reminds us not be invisible. A Purple […]
