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 b/c of its clarity, but also b/c it illuminates many issues we currently face. 1. […]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