In today’s world, homebuyers are often unclear about the roles of both the appraiser and the underwriter throughout a loan process, says TexasLending.com. The company’s highly qualified and experienced staff of professionals stands ready to put clients at ease regarding all aspects of this complex effort. Working in tandem, the appraiser and the underwriter have distinct tasks that must be accomplished.
TexasLending.com explains the most significant role of the appraiser is to calculate the property’s true value. Most appraisers should have attained a state license, or at least hold certifications or qualifications of some type. Please note that appraisers are independent contractors and are not employed by TexasLending.com A licensed appraiser must follow the rules of conduct and code of ethics determined by The Appraisal Foundation.
In the beginning of the process, an appraiser inspects the property both inside and out to look for potential flaws. It’s also necessary to examine nearby homes that might be comparable to determine what particular aspects of the property might be attractive to buyers, adds TexasLending.com. [Read more...]