Originators today have less leeway to select the appraisers with whom they work. Some are concerned with the values delivered by automated valuation technology tools.
Half of those surveyed said that they select appraisers through a company-approved appraisal management company.
More than a quarter use a company-managed appraisal panel.
Another 17 percent use an AMC approved by the investor, while just 5 percent use appraisal management software.
Here are some comments from the survey responses.
So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...