Tag Archive for: appraisal fees

Great Email Illuminates Appraisal Issues; Business Decisions; Costs

Our Office Manager, Tiffany Nordgren, sent the below email last week. The email is excellent because of its clarity, but also because it illuminates many issues we currently face.Read More

Why and How We Order Appraisals Immediately; Huge Monthly Expense

Heejin and I personally eat over $15,000 in appraisal fees every month. This is b/c we order every purchase appraisal as a rush as soon as we get a contract, […]Read More

Ordering Appraisals ASAP As A Rush; JVM Eats Rush Fees & Pays Up Front

Most lenders insist on charging borrowers up front for all appraisals. This creates significant delays b/c borrowers cannot be charged until all loan disclosures are prepared, reviewed by borrowers and […]Read More

Two Appraisals Instead of Appraisal Review; Rush Fees Too

We spend as much as $15,000 per month on extra appraisal fees that we as a company absorb and do not pass on to borrowers. One of these costs is […]Read More