Streamlining the Business of Commercial Real Estate
This is a question we get often. To vet or not to vet, that is the question. Of course, the answer is yes. First of all, it’s required as summarized by the Federal Deposit Insurance Corp. (FDIC) in FIL-44-2008, “An
Concentration mapping is an important tool for a credit department to ascertain collateral allocation typically based on property type, location, and in some cases, the number of loans to specific borrowers. Commercial real estate (CRE) loans comprise a majority of
Two favorite sayings I had as an in-house Environmental Risk Manager when training Lenders and Credit Officers about environmental risk were: Environmental risk is one variable within a very large equation (i.e., underwriting), and Environmental information is gathered to allow
As a fee appraiser that provides commercial appraisals for numerous financial institutions, I get it. Running a $500 million bank’s appraisal department using our appraisal workflow and management software platform YouConnect, I get it. Both sides of the fence could
We are happy to announce that Christine Olshesky has joined the RealWired Team as VP, Client Services. We are excited for Christine to bring her commitment to strong customer relationships and customer service to RealWired, and specifically our workflow management
Guest Writer Life is change. Yet, few of us embrace change when it comes around the corner. Motivational books like Who Moved My Cheese have been written to help us deal with transitions when they are thrust upon us. For
Financial institutions often have their outside commercial real estate appraisers allocating real property, tangible personal property (FF&E) and intangible personal property/business enterprise for certain property types like hotels and c-stores. However, how appropriate is it for commercial appraisers to determine
Fee simple or leased fee interest? It comes up daily for commercial appraisers and financial institutions. The current generally acceptable methodology is, if there’s a lease, you must present the leased fee interest. There’s not a lot of discussion and
Not many people would argue that banks tend to operate a little bit differently than other businesses. As a matter of fact, one of the key components of profitability and a motivation to be a potential merger target, is the
As a commercial appraiser in a former life, economies of scale was something learned early on. Economists use it every day and even the layperson heard a lot about it as a result of the financial crisis of 2008 –