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The best way to review appraisals

Written on December 14, 2020. Posted in From the Credit Side - YouConnect Blog.

Take 5 minutes to learn: 1. What commercial reviewers get right 2. Biggest hurdle – reviewers appraising the property 3. The importance of “nailing the subject” 4. Solution-focused reviews 5. Relationship between the subject and...

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Frictionless appraisal department

Written on December 10, 2020. Posted in From the Credit Side - YouConnect Blog.

Friction can be defined as, “Conflict or animosity caused by a clash of wills, temperaments or opinions.” For those responsible for valuation in banks, the most obvious potential friction is lender pushback. Depending on the bank, many lenders really...

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Constantly inundated by questions

Written on December 8, 2020. Posted in From the Credit Side - YouConnect Blog.

Those responsible for appraisals in banks are busy. Very busy. Long hours for many. A typically week might include different people wanting different things from you. They’re asking lots of questions. Lenders – “Why did the value come in...

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Avoid Buyer’s Remorse

Written on November 11, 2020. Posted in From the Credit Side - YouConnect Blog.

Buyers Remorse Tips from Realwired
As the chief appraiser, it feels easier to make a business case to go with the established appraisal workflow provider’s new software platform. Moving from an old platform to a new platform within the same company. Makes perfect sense, why wouldn’t...

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How to Hire the Best Appraisers, Every Time

Written on October 9, 2020. Posted in From the Credit Side - YouConnect Blog.

You have an approved appraiser panel with active state certification licensing and E&O. That’s all your appraisal department needs to have the best appraisals and reviews, right? Probably not. To receive the very best appraisals for your department,...

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Manage Lender Expectations

Written on July 16, 2020. Posted in From the Credit Side - YouConnect Blog.

two business persons shaking hands and bridge,
As the appraisal manager or chief appraiser, you might be asking yourself: Can having metrics improve the relationship between lending and credit? What’s the best way to identify time gaps during the loan approval process? Can I get the reports I...

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